EU’s von der Leyen: Our team will go to London next week to ‚intensify‘ negotiations 0 (0)

EU president, von der Leyen, offers her response to Boris Johnson
The EU continues to work for a deal, but not at any price.

As planned, our negotiation team will go to London next week to intensify these negotiations.
Well, it seems like this is all turning out to be another round of Brexit posturing.

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EU reportedly did not interpret Johnson’s statement as indication that UK is leaving Brexit talks 0 (0)

Bloomberg reports, citing an official familiar with the talks
Adding that the EU expects Brexit negotiations with the UK next week to continue as planned, as they do not view that Johnson’s message is one that says the UK is walking away from negotiations at this point in time.

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Sterling falls as UK PM Johnson responds by calling to prepare for no-deal Brexit 0 (0)

GBP/USD falls by about 100 pips before settling closer to 1.2900 now
Cable was treading close to its 200-hour MA (blue line) earlier @ 1.2960 before UK PM Johnson offered a surprise response to the EU summit yesterday in calling for preparations of a no-deal Brexit by January next year.

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Cable pretty much erases the bounce from yesterday, what to look out for next? 0 (0)

GBP/USD slumps to a low of 1.2910, effectively erasing yesterday’s bounce
The pound is struggling for traction this morning as we get towards the EU summit and despite the optimism from yesterday about the UK possibly extending talks beyond this week, nothing is a given just yet at the moment.

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