Sterling falls on renewed no-deal Brexit concerns

Economies.com
2019-08-21 19:31PM UTC

British pound fell against dollar today amid growing market's prospects for the UK to leave the EU without a deal.

 

The French government said that the EU has already prepared itself for no-deal Brexit, as it is the most likely scenario for Paris.

 

Otherwise, a poll showed that an exit without an agreement will lower the value of British homes by £240 billion.

 

While global markets are focused on the US-China trade war despite Trump's reassuring comments.

 

By 19:29 GMT, GBP/USD fell by 0.4% to 1.2121, with a high of 1.2177 and a low of 1.2113.

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