GBP/USD: Pound Climbs As May Set To Meet Merkel & Macron
  • GBP/USD dropped steeply on latest Brexit headlines
  • UK PM Johnson says distance remains between the two sides.
  • US Dollar Index remains in the red sun 92.00.

GBP/USD sold off dropping to 1.3317 a daily low after the latest EU-UK trade negotiations headlines.

No-deal Brexit fears drag on GBP

According to Reuters and citing an EU diplomat, EU ambassadors called upon the EC to present no-deal contingency measures urgently. British Prime Minister Boris Johnson said that important  differences remain in negotiations. He added that the UK can prosper both with or without a deal.

His comments sent GBP/USD 40 pips lower in minutes. The UK’s FTSE 100 Index stalled reflecting the cautious market mood. At the time of writing the FTSE trades down 0.5% at 6,331.

The US Dollar Index is relatively quiet on Friday capping GBP/USD losses for now. There is no more macroeconomic data due for release from the US and the US stocks markets will close early due to the Thanksgiving Day holiday.