Breaking: GBP/USD crashes below 1.34 as Barnier says Brexit deal hangs in the balance

Yohay Elam FXStreet

Chief EU Brexit Negotiator Michel Barnier has told EU envoys that talks are still stuck around three main issues – fisheries, governance, and a level playing field. He added that a deal hangs in the balance and there may still be a no-deal outcome.

GBP/USD falling below 1.3370 has tumbled from a peak of 1.3440 to 1.3350 before stabilizing below 1.34.

Earlier, cable advanced in response to the UK's approval of the Pfizer/BioNTech COVID-19 vaccine – the West's first immunization approval. The jabs may be given as early as next week.

Pound/dollar has now erased Tuesday's breakout and returns to the previous range.

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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