Sterling fell in early morning trading despite Britain and the European Union reaching a historic deal regarding its Brexit divorce settlement, allowing EU officials to pursue the second phase of negotiations.
UK Prime Minister Theresa May and Jean-Claude Juncker, the European Commission president, have signed a 15-page progress report in Brussels early on Friday, with Juncker admitting it had been a "difficult negotiation" in a press conference, the Financial Times reported. However, a "willingness to compromise on both sides" and a €40bn-€60bn divorce settlement led to a deal that will secure the rights of four million EU citizens living in the UK to "go on living their lives as before", said May. Sterling fell half a cent against the US dollar from above $1.35 to $134.65 as the deal was ...
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