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British pound falls against major after reports of Brexit talks

2019-10-08 10:57 am | Resource: News | No Views : 22

 British pound falls  against major after reports of Brexit talks

 The British pound extended losses on Tuesday against major currencies after news that a Brexit deal seemed unlikely as German Chancellor Angela Merkel and British Prime Minister Boris Johnson exchanged conflicting views in a phone call.

According to sources cited by the British media, the accession of Northern Ireland to a customs union with the European Union is unacceptable to London, while Merkel insists on it as a condition for the withdrawal agreement.

Merkel: The Brexit deal is unlikely

German Chancellor Angela Merkel told British Prime Minister Boris Johnson in a phone call that the Brexit deal was "highly unlikely" unless Northern Ireland remained in the customs union, the BBC quoted a source in the BBC on Tuesday as saying. Downing Street.

Johnson has reportedly stressed that the deal proposed by the UK is reasonable, but there is no desire to enter the EU. The source also stressed that the deal, including the stay of Northern Ireland in the customs union, "fundamentally impossible."

"The talks in Brussels are on the verge of collapse despite the fact that the UK has come a long way," a BBC source said.

Sterling trades against major currencies
  • The pound fell 0.48% against the dollar at 12:22 CET, trading against $ 1.22332, the lowest level since last Wednesday.
  • Against the Swiss franc, the British currency fell 0.84% ​​at 12:23 CET, to hit 1.21235.
  • The British currency lost 0.68% against the euro to trade at 1.11262 euros.
  • Compared to the Japanese yen, the pound fell 0.67% at 12:24 CET, settling at 130.76550 yen.


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