The Pound US Dollar exchange rate is losing ground at the start of the week as Brexit fears return with vigour. The pair is trading at -0.3% at US$1.3232, as it continues its selloff from last week’s 8 -month high of US$1.3480.
Brexit talks are set to take place again this week, although expectations are low that a breakthrough of the current impasse will be achieved. Prime Minister Boris Johnson has set 15th October as a deadline for a trade deal to be agreed.
The US Dollar urged last week after unemployment unexpectedly fell by more than forecast to -8.4%. The US is closed today in observance of Labour Day.
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