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The pound dived after the EU's chief Brexit negotiator warned a transition deal is 'not a given'
The pound has dived on Friday afternoon after Michel Barnier, the EU's chief Brexit negotiator warned a transition deal between Britain and the bloc is 'not a given' if the UK remains inflexible on certain areas of negotiations. "The UK insisted that we should reach an agreement in March on transitional period. However, at the same time, our partners set out a number of disagreements which I see as substantial," Barnier said at a press conference in Brussels on Friday. "To be frank, if these disagreements persist, transition is not a given." Those words spooked sterling investors, who sold out of the currency ... (full story)
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