(Bloomberg) — The pound tumbled after a report that Brexit talks were failing to close differences and as the European Union planned legal action against the U.K., dashing hopes the two sides could move toward a trade deal this week.Sterling snapped a three-day winning streak after news that the U.K. and EU remain split on the issue of state aid, a sticking point in the negotiations. The currency deepened losses after a report that the EU would take the first step in a legal process against the U.K. for breaching the terms of its withdrawal agreement from the bloc.The impasse …read more
Source:: Yahoo Finance
