Sterling dives as Barnier reveals 'disturbing deadlock' on Brexit talks

The UK currency is down 0.7% to $1.3134 on an intraday basis, having started the day with a small rise, following the speeches given by Barnier and UK counterpart David Davis. Meanwhile, the FTSE 100 index has benefitted from the currency fall, rising 0.4% to 7,564, its higher level in 12 months. Ireland makes Brexit 'back-up' plan Barnier said a lack of clarity over the so-called EU divorce bill, which could see the UK paying the EU billions of pounds, was a key aspect holding back talks. He said: "On this question, we have reached a state of deadlock which is very disturbing f...