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GBP/USD Falls Below $1.30 And No-Deal Brexit Fears Rise

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The pound plunged against the buck on Tuesday as the U.K. Prime Minister Boris Johnson raised issues of a Brexit that is no-deal warning that Britain would end the negotiations if there is no progress on a deal by mid-October.

GBP/USD fell 1.35% to $1.2988.

Johnson has said here would must be an understanding in destination by the Oct. 15 deadline, whenever Council that is European is to convene, or warned that the U.K. would walk far from the negotiating table.

The talk that is tough feared to be much more than the usual negotiating tactic, as the U.K. has already angered EU members by unveiling plans to introduce a law that seeks to undermine the withdrawal agreement, which includes been already finalized into law and sets out the regards to your U.K.’s exit from the EU.

The market that is internal, which aims to create common rules that apply throughout the whole of the U.K., could clash with terms of the withdrawal agreement requiring that Northern Ireland, in the post-Brexit period, follow EU rules in purchase to avoid a hard edge with the Republic of Ireland.

The move that is apparently controversial the U.K. comes as post-Brexit talks are to resume with EU chief negotiator Michel Barnier, who is arriving in London on Tuesday. The EU has said it shall get ready for a Brexit that is no-deal the transition period finishes on Dec. 31.

“No deal is the most feasible and probable and just outcome of the negotiations,” warned president that is former with Commission Jean-Claude that is European Juncker. The pound plunged against the buck on Tuesday as the U.K. Prime.

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