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GBP Drops, Gilts Gain as EU Reportedly Ready to Ignore Brexit Deadline

UK

GBP/USD drops to session lows and now sits just above the Monday low as Bloomberg reports that the EU are to ignore the October 15th Brexit deadline, in an attempt to call Boris Johnson's bluff in a bet that the UK PM will not quit talks.

Gilt futures rallied around 10 ticks, rising to 135.41 as GBP/USD sinks to 1.2917.

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