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BREAKING: GBP plunges after Bloomberg report

9:08 AM 2 December 2020

British pound came under heavy selling pressure this morning following a report from Bloomberg. News agency claims that top EU negotiator Barnier is set to tell ambassadors from member countries that there may be no Brexit deal. Three key issues still remain unresolved. GBPUSD dropped from 1.3440 to a daily low of 1.3350 while GBPJPY slumped from 140.40 to 139.60. Downward move was also triggered on the stock exchanges but the scale was much smaller.

GBPJPY slumped after Bloomberg reported there may be no Brexit deal. Source: xStation5

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