Economic news

British pound down with Brexit deal less probable

The UK pound slipped today following the dollar’s rise, while upbeat mood of late concerning a possible Brexit agreement started to disappear.

Photo: Reuters

Sterling lost near 0.5% receding to $1.2986, returning to Monday marks, as a result of investors massively going into the dollar.

The week’s maximum for the British currency was $1.3176, the top of three weeks, as the UK seemed to be about to strike a deal with the EU.

However, there are still many difficulties to be ironed out before the deal is made, with a key issue of keeping no hard border between Northern Ireland and Ireland that the two parties try to find a way for.

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