Markets in the European session were shocked by the unpleasant news from the city of London, thus witnessing a drastic drop in trading in the pound sterling compared to most of the major currencies.
Most recently, European Union (EU) Brexit Negotiator Michel Barnier is reported to have informed the EU envoy that negotiations continue to be embedded in three main issues, namely fisheries, fair competition and ways to resolve future conflicts.
In addition, he also said that the deal was still dependent and the possibility of a no-deal Brexit remained.
This once pushed the pound currency down below the $ 1.34000 mark against the US dollar and fell over 0.4% against the euro when the European session kicked off.
In the past, the Matawang has increased after the Medical and Health Products Control Agency (MHRA) passed the Pfizer-BioNTech vaccine and will be available for vaccination as soon as next week.
However, the disappointing news from Michel Barnier caused pound sterling trade to fall again and trade around the price level of 1.3350 to USD.
