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NewsBreak: Sterling Falls as DUP Rejects Johnson's Deal

Investing.com

Investing.com -- The British pound fell in early trading in Europe on Thursday after Northern Ireland's Democratic Unionist Party said it couldn't accept U.K. Prime Minister Boris Johnson's latest proposals on Brexit. The DUP's resistance effectively rules out any chance of an agreement between the EU and U.K. on the latter's withdrawal at a summit that starts in Brussels later on Thursday.

Read the DUP statement here.

GBP/USD down 0.5% at $1.2772

EUR/GBP up 0.6% at 0.8677

U.K. 10-year Gilt yield down 2 basis points at 0.69%

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