US Dollar loses ground, pound gains as traders eye Brexit talks

The dollar lost ground against other major currencies on Monday, while the pound and the euro drew strength from signs that Britain and the European Union could make progress negotiationg a post-Brexit trade deal.Sentiment across markets were mixed, caught between fears of a resurgence of global coronavirus cases and hopes for a working vaccine that could help reignite global growth. Against a basket of currencies, the dollar softened marginally, fetching 92.565 in Asian trade =USD. Hopes for Brexit compromise emerged after news Dominic Cummings, the most powerful adviser to Prime Minister Boris Johnson, would leave … (full story)

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