Pound v US dollar: GBP unsteady as EU gives UK government 48 hours to save Brexit
The GBP/USD exchange rate has slipped -0.1 per cent to $1.338 so far today, with further losses prevented by the international backlash against President Donald Trump’s decision to recognise Jerusalem as the capital of Israel.
The pressure on the UK government to resolve the current deadlocks has intensified after EU chief negotiator Michel Barnier gave the UK 48 hours to agree to the preliminary text of the deal.
The warning comes after EU member states informed Mr Barnier that they will otherwise not have time to scrutinise the components of any agreement ahead of next Thursday’s European... read more
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