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Author Topic: The pound falls while near Brexit's deadline this Friday.  (Read 747 times)

Nelly

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Pound falls, British investors worried about future While approaching Brexit deadline this Friday

The pound weakens the dollar and euro. Amid concerns about the future of England While nearing the official deadline for secession from the European Union (Brexit) on Friday.

At 19.17 hrs, Thai pounds fell 0.36% to $ 1.3006, the lowest in one week and dropped 0.25% to 0.8759 against the euro.

Michelle Barnier, Head of the European Union (EU) Delegation on the Separation of England from the EU, says that the EU will not compromise with Britain on the issue of the EU's single market system.

Mr Barnier said England must face the reality. After assessing the cost of separation from the EU too low

    "The single EU market exit, the EU customs union exit must have consequences And what I saw last year was England has underestimated these impacts. And now we have to face the reality, "said Barnier.

Barnier warns that if Britain and the EU cannot reach a trade agreement, England will face the risk of severe impact next year. While the 11 month transition period ended

Earlier, British politicians expected that the EU would be more flexible with regulations to allow trade between England and the EU to continue as both sides began trade negotiations. After the British officially retired from the EU on Friday.



 

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