The GBP/USD pair lifted above 1.2900 on headlines that the UK and EU will persist with Brexit negotiations, adding to background optimism that a deal can be reached at the eleventh hour. Nonetheless, Terence Wu from OCBC Bank expects the cable to be capped by the 1.30 mark. Rhetoric from the negotiators on both sides were nowhere near optimistic, although intervention from EC President von der Leyen and PM Johnson kept the talks going. The fact that the talks would continue was enough to suppor the GBP.
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