The pound dropped 0.7% against the euro on Tuesday morning.
The pound tanked 0.7% against the euro on Tuesday morning, after reports that Boris Johnson's Brexit talks with Angela Merkel hit a dead end. British media outlets are reporting, citing a source close to the prime minister, that"the call with Merkel showed the EU has adopted a new position. She made clear a deal is overwhelmingly unlikely and she thinks the EU has a veto on us leaving the customs union." Britain is due to leave the EU on October 31.
The pound tanked 0.7% against the euro on Tuesday morning, after reports that Boris Johnson's Brexit talks with Angela Merkel hit a dead end. British media outlets are reporting, citing a source close to the prime minister, that"the call with Merkel showed the EU has adopted a new position. She made clear a deal is overwhelmingly unlikely and she thinks the EU has a veto on us leaving the customs union." Britain is due to leave the EU on October 31.
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