Economic news

Pound slides on Brexit negotiations progress

The pound was heading the day’s lows on Friday as the greenback's surge induced traders to take profits after officials stating Brexit talks will move to the next stage in January.

The British currency slumped 0.4 percent on the day at $1.3373 and nearing a two-week trough of $1.3305 touched earlier this week.

Versus the euro, sterling dropped 0.5 percent to 88.20 pence per euro.


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