Pound Falls as Investors Question Progress in Brexit Trade Talks

The pound dropped to start the trading week as investors questioned how close Britain and the European Union are to sealing a final Brexit trade agreement. Sterling fell as much as 0.6% to $1.3363 in early Asia trading on Monday, with negotiators pushing to seal a deal before the end of the day. Signs are emerging of a possible compromise on the problem of fisheries, yet traders had speculated on a weekend deal and doubts are setting in. “The main reason for the fall in the pound is again another kick of the can,” said Jordan Rochester, a currency strategist at Nomura International Plc. “The market is getting … (full story)

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