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GBP/USD Outlook: Pound-Dollar Rate's Decline May "Extend Upon A Firm Move Below 1.33" Say Scotiabank FX


GBP/USD Exchange Rate Falls as No-Deal Brexit Odds Continue to Rise
The Pound to US Dollar (GBP/USD) exchange rate fell by -0.7% today, with the pairing currently trading around $1.326.
Sterling struggled today following a lack of progress in critical UK-EU Brexit talks last night between Prime Boris Johnson and the President of the European Commission, Ursula von der Leyen.
UK Foreign Secretary Dominic Raab commented:
‘It’s fair to say that, whilst there was a good conversation last night, and it was frank and it was candid, the significant points of difference remain. I don’t think we can keep going on at that pace without having some progress and some flexibility.’ ....

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Scots could be barred from entering the EU on January 1 as a result of Brexit

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