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GBP Weakness Main Theme
The main mover last Friday was once again the suspect swinging the wildest as of late, that is, the British Pound. A couple of negative headlines around Brexit led to another strong round of selling pressure as the market comes to terms about the ongoing stalemate between the EU and the UK in order to reach a Brexit trade deal. While the EU chief Brexit negotiator confirmed that he will be headed to London for further talks, what remains clear is that there is still a major impasse. Dominic Raab told the BBC over the weekend this week is most likely when the talks enter the “last real major week”, noting that an ... (full story)
