GBP/USD Exchange Rate Falls as No-Deal Brexit Odds Continue to Rise
The Pound to US Dollar (GBP/USD) exchange rate fell by -0.7% today, with the pairing currently trading around $1.326.
Sterling struggled today following a lack of progress in critical UK-EU Brexit talks last night between Prime Boris Johnson and the President of the European Commission, Ursula von der Leyen.
UK Foreign Secretary Dominic Raab commented:
‘It’s fair to say that, whilst there was a good conversation last night, and it was frank and it was candid, the significant points of difference remain. I don’t think we can keep going on at that pace without having some progress and some flexibility.’