Pound Recovers as U.K. Sticks With Brexit Trade Talks for Now
- Sterling advances as much as 0.3%, reversing earlier decline
- U.K. had threatened to abandon talks before Thursday summit
This article is for subscribers only.
The pound rebounded from a one-week low after the U.K. signaled it will continue Brexit trade talks beyond Prime Minister Boris Johnson’s Oct. 15 deadline.
Sterling climbed against the dollar after Britain appeared to soften its stance on walking away from negotiations. Earlier, the currency was poised for its largest two-day drop in three weeks on reports European Union leaders would say that sufficient progress hasn’t been made.