Sterling is again under pressure, dropping to a minimum during negotiations on Brexit
On March 2, the pound was again under pressure, dropping to a minimum of 4-1 / 2 against the euro, as traders anxiously awaited negotiations between the UK and the European Union regarding their future relationship after Brexit (UK Exit from the European Union).
About 100 British officials are sent to Brussels for the first round of negotiations with the EU executive, the European Commission, which should last until Thursday. An annual trade and close security ties worth half a trillion Euros are at stake during intense negotiations.
The EU wants to provide Britain with advantageous access to its single market with a population of 450 million in exchange for guarantees that London will prevent dumping.
But Prime Minister Boris Johnson said he wants to move away from the EU and refuses to obey his rules or the jurisdiction of his higher court.