Brexit brinksmanship has pound slumping



© Reuters. Brexit brinksmanship has pound slumping

  • Brexit negotiations are headed for a “catastrophic breakdown,” unless the EU agrees this week to move on to trade agreements, reports Bloomberg, citing a person with knowledge of the U.K.’s position.
  • U.K. Prime Minister Theresa May, says the source, took a political risk last month by promising to make payments towards the EU budget and settle the divorce bill, and she now needs something in return.
  • In the green for most of the session, cable (NYSEARCA:FXB) is now modestly lower vs. the dollar at $1.3271. The FTSE is barely in the green.
  • ETFs: FXB, EWU, GBB, DBUK, FKU, EWUS, DXPS, HEWU, QGBR
  • Now read: Best Currency Positions For September 2017

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