The Pound US Dollar exchange rate is extending yesterday’s Brexit losses for another session. The pair is trading at US$1.3136, a level not seen since 26th August.
As the 8th round of Brexit trade talks begin Boris Johnson threatened that is not progress is made the UK will ramp up no deal preparations. His warning comes after he brought forward the deadline to 15th October to get a deal done. Fears of no deal Brexit are rising steeply.
The US Dollar is holding mild gains from a quiet previous session. Investors are looking beyond a huge tech rout in US tech stocks. There is no high impacting data.