The Pound Sterling retreat amid fears of Brexit

The Pound Sterling retreat amid fears of Brexit

The British pound fell today amid concerns about setting a difficult deadline for Britain to reach a new trade agreement with the European Union while global stock markets rose driven by the US housing market while European stocks fell from their highest levels and the British pound fell more than 1% with reports that the President British Minister Boris Johnson was on the verge of leaving the European Union without a deal on the table, and Johnson would use his control of Parliament after his resounding victory in the elections last week to ban any extension of the transition period for Britain's exit from the European Union after The year 2020 is a bold move that bothered the markets and the pound fell to $ 1.3131, down 1.49% on the day.