GBP dragged down as No 10 sees Brexit deal as 'impossible'.

GBP lower on what it already knew

A Brexit deal with the EU was always a long shot and now that is confirmed as the last little bit of hope seemingly vanishes.

So, what now? The next two geese to cook are:

  • An extension
  • An election (basically this will be a 2nd referendum on Brexit)

Talks are stills scheduled in Brussels between the EU and UK this afternoon.

GBP pressured.

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