The Great Britain pound was mixed during Monday’s trading following last week’s strong performance. The currency was flat against the US dollar but gained on the Japanese yen.
The sterling remained under pressure from concerns that Brexit negotiations between the United Kingdom and the European Union will not be easy. Indeed, UK Prime Minister Theresa May said:
What this shows, and what some of the other comments we’ve seen coming from European leaders shows, is that there are going to be times when these negotiations are going to be tough
She also continued to insist that no deal would be better than a bad one, showing intention to walk away from talks if they will not go well, though EU officials suspect that it is just a bluff.
GBP/USD traded near its opening level of 1.2927 as of 9:56 GMT today after falling to 1.2900 intraday. GBP/JPY rose from 143.90 to 144.48.
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