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GBP/USD Soars 1.4% on Post-Brexit Talks Deadline Extension
The Pound has soared this Monday, with the GBP/USD gaining more than 1.4% after the EU and the UK agreed to extend Brexit trade deal discussions beyond the initial Sunday December 13 deadline. Traders are hailing the development as a show of commitment by both parties to a possible trade deal before the December 31 transition deadline. The decision to extend the talks was made after UK PM Boris Johnson and the EU Commission President Ursula von der Leyden gave their assent. The talks remain deadlocked on fishing rights, with access to UK fishing waters to boats from the EU and state aid rules constituting the areas ... (full story)
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