The British newspaper The Times reports that the Prime Minister of the United Kingdom, Boris Johnson, has decided continue conversations about Brexit. The media also says that the president “will not give in to EU demands“.
The GBP/USD is extending its gains above 1.2940, currently hitting a daily high of 1.2945
Downing Street had scheduled to announce its verdict after the EU Summit on Thursday, where the bloc’s leaders said it is the UK’s turn to make concessions. They also refused to step up the pace of the deliberations.
The pound / dollar fell on Thursday and recovered on Friday. The daily low is 1.2883 and the daily high is 1.2945 at time of writing.
Credits: Forex Street