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The pound dived after the EU’s chief Brexit negotiator warned a transition deal is ‘not a given’





Michel Barnier

  • Sterling dived after Michel Barnier said a deal on “transition is not a given.”
  • The currency dropped close to 0.8% against the dollar on Friday afternoon.
  • On Thursday, sterling spiked on news that the Bank of England is set to raise interest rates further in 2018.

LONDON — The pound has dived on Friday afternoon after Michel Barnier, the EU’s chief Brexit negotiator warned a transition deal between Britain and the bloc is ‘not a given’ if the UK remains inflexible on certain areas of negotiations.

“The UK insisted that we should reach an agreement in March on transitional period. However, at the read more >>>

Source:: BusinessInsider.Com

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