Pound Slumps Most in Seven Weeks as Johnson Rejects EU Demands

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.The pound headed for the biggest slump in seven weeks as clashing statements from the U.K. and the European Union fueled fears that talks between the two sides on a future trade deal will be fraught.Sterling fell more than 1% to lead losses among Group-of-10 currencies, wiping out last week’s advance. EU chief negotiator Michel Barnier said in Brussels that a “highly ambitious” trade deal is on offer for the U.K. — but only if London agrees to its rules. Speaking minutes …read more

Source:: Yahoo Finance

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