Sterling inches higher despite Johnson's negative remarks

The British Pound rose slightly against the US dollar on Friday, despite the British Prime Minister Boris Johnson's negative comments.

 

Johnson said the UK will leave the EU customs union and the single market without an agreement due to the failure of delivering a fundamental change of approach from Brussels.

 

This came after the leaders of the European Union decided they would continue negotiations in the coming weeks with the British side.

 

The market remain concerned about the coronavirus global impact, especially as the second wave of infections forced several major European countries to re-impose lockdown restrictions, led by the UK and France.

 

GBP/USD rose 0.1% to 1.2924 as of 21:16 GMT, the pair hit an intraday high of 1.2962 and a low of 1.2869.


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Posted By laraparker : 17 October, 2020
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