The European Union (EU) leaders are promoting holding an emergency Brexit Summit on November 15-16 in Berlin to reach a trade deal with the UK should the negotiations continue successfully after the scheduled October 15 deadline, The Telegraph reports, citing senior EU diplomats. .
This occurs when just today the deadline of October 15 was missed established by British Prime Minister Boris Johnson, while his government has shown its willingness to extend the negotiations until an agreement is reached with Brussels.
Attention is now focused on further Brexit updates at the EU Summit now and tomorrow to get new signals on the British pound.
GBP / USD reaction
At the time of writing, the GBP / USD is still under pressure around 1.2960, down 0.41% on the day.
The news of tighter restrictions in London from Friday night appears to have little impact on the pound.
Credits: Forex Street
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