Reuters claims EU and UK are likely to miss Brexit deadline
GBPUSD experienced some volatile short-term swings on the back of the Reuters report. Reuters said that the EU and UK are likely to miss the deadline to finalise the Brexit deal set for mid-November. Even if this is the case, it is likely that both sides will continue to work on the deal after the deadline. However, time to strike a deal is running short and markets are getting nervous. GBPUSD swung in a 1.3265 - 1.3313 range for a few minutes before dropping towards new daily lows.
GBPUSD drops on Reuters report. Source: xStation5
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