GBP jumped on Wednesday when the United Kingdom said that it will continue to negotiate with the European Union past the current deadline. Talks were expected to conclude before the EU Summit that starts tomorrow but no progress has been made. The UK hopes that not everything is lost and it will not walk away from talks immediately. GBPUSD jumped from 1.2900 to 1.2980 on the news but part of the move has been erased already.
Source: xStation5
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