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Oct 16 - 06:12 AM
GBP/USD - Drops On Fear That A Brexit Deal May Not Be Agreed
First appeared on eFXplus on Oct 16 - 03:50 AM
  • Cable falls to 1.2673 amid fear that EU/UK might not agree a Brexit deal

  • ITV's Peston tweeted that govt source told him "Chances of a deal are low"

  • 1.2673 is the lowest level for GBP/USD since Tuesday's 21-week high of 1.28

  • Hope that a deal might be agreed fuelled the recent six cent surge to 1.28

  • See: nL5N26Z1LK. EUR/GBP up to 0.8705 vs Tuesday's 5-month low of 0.8625

  • Brexit talks go down to the wire ahead of EU summit Thursday nL5N271181

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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