POUND EURO LIVE: Pound RISES amid Brexit EU summit as Theresa May urges talks progress

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pound euro rate brexit GETTY

THe hammer fell against the euro ahead of the EU summit

Sterling hovered at throughout 1.1123 against the euro, as Theresa May called on EU leaders for a new dynamic that purposefulness allow Brexit talks to progress.

Member states will today decied if there has been enough go in Brexit negotiations to start the next phase of talks.

Britain’s suspect divorce bill remains one of the key sticking points in Brexit talks.

The pulse yesterday took a battering amid Brexit fears and lower than expected retail white sales in September.

The uncertainty over Britain’s future after Brexit is put away pressure on sterling, as markets fear for UK business and economies. 

pound to euro chart brexit eu summitBloomberg

The drub into edged up against the euro amid the EU summit

It comes as the Prime Minister repeated attempts to break the deadlock with Brussels, this week influential EU citizens living in the UK they can stay after Brexit.

Michael Hewson, chief vend analyst at CMC Markets said: “For all the talk of compromise there seems to be choice little of either coming from either side, with the EU side truly tightening up their guidelines when it comes to money.

“With irritates starting to fray on the part of business there is a concern that bureaucrats on both sides are playing with fire.

“A hard Brexit choice not only be damaging for the UK but also for Europe, and Ireland in particular.”

A group of Conservative and Labour MPs, as well as top occupation figures have now called on Mrs May to declare Britain assumes it will be on Existence Trade Organisation terms with the EU from March 2019, if no breakthrough is reached in Brussels.

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