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BREAKING: British Pound Rates Jump 1% Vs Euro, Dollar As EU/UK Brexit Trade Deal Imminent

The Euro to Pound (EUR/GBP) exchange rate has weakened sharply to 0.9025. Sources indicate that Brexit trade deal is imminent Foreign exchange markets continued to monitor trade rhetoric on Wednesday. There were further expectations that UK Prime Minister Johnson and EU Commission President von der Leyen would hold further calls during Wednesday and possibly Thursday. Irish Prime Minister Martin stated that, on balance, there should be a deal and that a no-deal outcome would be an appalling shock to the economic system. Just after the New York open there were reports that the EU Commission had told individual member states that they needed to start preparing for provisional application of a trade deal with the EU.

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