GBP/USD nosedives as risks of a no-deal Brexit re-emerge

The British pound (GBP/USD) is the worst-performing currency in the G10 today. It has dropped by more than 1% against the dollar, 0.35% against the euro, and 0.90% against the Australian dollar. British pound falls as odds of a no-deal Brexit rise The sterling fell today as traders reacted to the rising risks that the United Kingdom will not reach a free trade agreement with the European Union. This happened ahead of the eight phase of Brexit talks that will start tomorrow in London. In a statement today, Boris Johnson said that while he wanted a deal, his government was