Pound US dollar exchange rate GBP/USD slips as Hammond says Brexit ‘physically impossible'

This morning the pound has fallen back against the US dollar, and the pairing is currently trading at around $1.325. However, while Sterling may have slipped against the US dollar it has not fallen too far from last week’s nine-month high of $1.338. The pound was supported by relief that a no-deal Brexit could be averted and permission will be sought for an extension to Article 50 from the EU.

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