Pound drops as Brexit impasse unsettled after Johnson-von der Leyen meeting

The British pound lost about 0.5% on Thursday after British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen agreed they have until Sunday to take a “firm decision” about the future of trade talks. The European Commission and Britain remained “far apart” on Brexit trade deal, the bloc’s chief executive said after what she described as a “lively” dinner with the British Prime Minister. “It looks like there won’t be any agreement to present to the EU summit starting today. Markets have been quite optimistic about a deal. I’m a bit surprised,” said Ayako Sera, … (full story)

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