WE ARE STRONG, WE ARE GREAT BRITAIN – Brexit LIVE: Pound defies no deal threat in recovery as EU bosses fear Boris’ next move

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Brexit LIVE: Pound defies no deal threat in recovery as EU bosses fear Boris’ next move

The GBP/USD pulled back to 1.2160, according to FXStreet, in spite of no deal Brexit edging closer after Brussels bosses admitted “reality is sinking in” as the EU struggles to find a common ground with Boris Johnson.

The GBP/USD pulled back to 1.2160, according to FXStreet, in spite of no deal Brexit edging closer after Brussels bosses admitted “reality is sinking in” as both sides struggle to find a common ground. Jordan Rochester from Nomura – the Japan-based global investment bank – predicted the Pound Sterling will settle at “hard Brexit equilibrium”, meaning Britain’s current account will start heading into balance, or at least become manageable in the event of a no deal, such as 2 per cent of GDP.

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