Breaking: GBP/USD crashes below 1.34 as Barnier says Brexit deal hangs in the balance
|Chief EU Brexit Negotiator Michel Barnier has told EU envoys that talks are still stuck around three main issues – fisheries, governance, and a level playing field. He added that a deal hangs in the balance and there may still be a no-deal outcome.
GBP/USD falling below 1.3370 has tumbled from a peak of 1.3440 to 1.3350 before stabilizing below 1.34.
Earlier, cable advanced in response to the UK's approval of the Pfizer/BioNTech COVID-19 vaccine – the West's first immunization approval. The jabs may be given as early as next week.
Pound/dollar has now erased Tuesday's breakout and returns to the previous range.
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