GBP/USD drops on Johnson's announcement

Source: Dukascopy Bank SA

On Monday, December 7, the British Pound lost 188 pips or 1.40% against the US Dollar.  

The drop was caused by news that the Prime Minister of the United Kingdom, Boris Johnson could withdraw from the trade talks with the EU. The news were reported by The Sun.

In the meantime, the Irish Prime Minister Micheal Martin had stated on Sunday that the trade talks are at a stalemate.

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