12:08 · 16 October 2020

BREAKING: GBP slumps as Reuters hints at no deal

GBP/USD
Forex
-
-

GBPUSD slumped from daily high at 1.2960 to 1.2870 following the Reuters report. According to the news agency, UK Prime Minister Boris Johnson will announce that lack of progress during the EU summit means that the United Kingdom needs to get ready for a no-deal exit in January. However, this does not necessarily mean that the UK won't negotiate with the EU further. UK will aim for an Australia-style deal as Canada-style (better terms) seems out of reach. GBPUSD managed to regain part of losses later on and climb back above 1.2900.

GBPUSD slumped following Reuters report on Brexit deal. Source: xStation5

14 October 2025, 09:13

Risk aversion takes hold as China tensions weigh on sentiment

10 October 2025, 18:52

Daily Summary: U.S.-China Tensions Trigger the Sharpest Sell-Off Since “Liberation Day” ✂️

10 October 2025, 18:37

Trump tariff threat to China sends shockwaves through financial markets

10 October 2025, 13:31

BREAKING: USDCAD slips following Canadian employment data 📌

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Join over 1.7 Million investors from around the world