Pound Retreats as Brexit Optimism Wanes

The Great Britain pound declined today as optimism about a trade deal between the United Kingdom and the European Union started to wane.
Earlier, the sterling was strong on the signs that the Brexit deal is near. But the recent reports put a damper on such hopes. Prime minister’s spokesman said:

It is worth me pointing out that there’s a difference between people talking optimistically about a deal and a deal, including both a withdrawal agreement and the future framework, actually being agreed.

Analysts interpreted the words as sign that the British government does not expect a deal next week.
The week started light on economic news from Great Britain. The BRC Retail Sales Monitor will be released overnight. Wednesday will be most eventful with plenty of reports, including gross domestic product and manufacturing production.
GBP/USD fell from 1.3119 to 1.3089 as of 18:15 GMT today, touching the low of 1.3028 intraday. GBP/JPY slumped from 149.28 to 147.84. EUR/GBP jumped from 0.8776 to 0.8807 during the trading session but retreated to trade near the opening level later.

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