GBP/USD fell to its lowest levels since July 28th on Wednesday, extending losses from the recent yearly high made on September 1st. The same day, the UK government published its Internal Market bill, outlining a plan to breach the pledges in the EU Withdrawal Agreement. However, later in the session the pound recovered as the EU confirmed that it would not give up on efforts to reach a free trade deal. Sterling was also supported by the recovery in global equities. Legislation introduced on Wednesday showed that the UK government is prepared to break international law “in a very specific and limited way,” to avoid ... (full story)