Pound plummets in forex markets after more Brexit problemsPound plummets in forex markets after more Brexit problemsPound plummets in forex markets after more Brexit problems

Commenting on the rising Brexit optimism following Thursday’s talks between Irish Prime Minister Leo Varadkar and his British counterpart, Boris Johnson, “today is an injection of some much-needed optimism but mark my words, we are not there yet,” said Irish Foreign Minister Simon Coveney, per Reuters.“The positivity has to translate to negotiation in Brussels, into detail,” Coveney added and noted that they still need to find a way forward on areas of consent and customs.These comments don’t seem to be having a negative impact on the British Pound. As of writing, the GBP/USD pair was up 1.9% at 1.2438 and was on track to post its largest daily percentage gain in more than seven months.Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for Stock Global broker reviews advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. .

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