Pound Losses Accelerate After Brexit Talks End in Stalemate
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Barnier Says Brexit Progress Far From Sufficient
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The pound fell to a one-week low after Brexit negotiations between the U.K. and the European Union ended in acrimony.
Sterling’s losses contributed to the currency’s biggest monthly decline since October after Michel Barnier, the EU’s chief negotiator, said the third round of talks were “far from seeing sufficient progress.” The gridlock whittles the time the U.K. has to reach a trade deal and a transitional arrangement before it comes out of the EU in March 2019.