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UK

Both GBP and Gilts volatile as further Brexit headlines cross. Reuters cite sources in reports that the EU and UK are likely to miss the mid-November deadline to seal a new trade deal, with negotiations to extend through the week. On the plus side, however, the report goes on to say that EU diplomats now expect a deal to be presented in the middle of next week, tempering some of the volatility.

- GBP/USD briefly rallied north of the 1.30 mark on the initial release, touching 1.3312 before reversing and taking a leg lower, touching new daily lows of 1.3241.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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