The EURGBP plunged roughly 100 pips as reports coming from the Brexit negotiations turned positive. Boris Johnson has been advised not to walk away from the negotiations after today’s deadline day. Reports coming from the UK are suggesting both parties are prepared to prolong talks into the year-end if a deal isn’t struck during today’s EU summit. There is still a possibility of a no-deal, therefore traders purchasing the GBP should trade with caution. It appears the final sticking point is focused on fisheries, and whilst the two sides are reportedly far apart in agreement, this also provides some positive light. ... (full story)