a weak ahead for GBP USD!
The pound moved off session lows Friday despite the EU warning that a no-deal Brexit would be the most likely outcome as both sides are unlikely to reach a post-Brexit trade agreement by the Sunday deadline.GBP/USD fell 0.52% to $1.3222, though had been as low as $1.3135.
European Commission President Ursula von der Leyen said a no-deal Brexit was the most likely outcome following "difficult" talks. The dour sentiment was echoed by the U.K., with Prime Minister Boris Johnson conceding that a no-deal Brexit was now a "very, very likely" outcome after French President Emmanuel Macron refused to ease his stance on fishing quotas.
The prime minister earlier this week failed in his bid to break the deadlock in negotiations during a dinner meeting with the EU's von der Leyen.
The pound moved off session lows Friday despite the EU warning that a no-deal Brexit would be the most likely outcome as both sides are unlikely to reach a post-Brexit trade agreement by the Sunday deadline.GBP/USD fell 0.52% to $1.3222, though had been as low as $1.3135.
European Commission President Ursula von der Leyen said a no-deal Brexit was the most likely outcome following "difficult" talks. The dour sentiment was echoed by the U.K., with Prime Minister Boris Johnson conceding that a no-deal Brexit was now a "very, very likely" outcome after French President Emmanuel Macron refused to ease his stance on fishing quotas.
The prime minister earlier this week failed in his bid to break the deadlock in negotiations during a dinner meeting with the EU's von der Leyen.
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