GBP/USD retreats ahead of UK retail sales as Brexit concerns remain

The GBP/USD pulled back in overnight trading as Brexit worries returned with the December 31st deadline fast approaching. The pair has dropped from the multi-year high of 1.3627 to 1.3530. Brexit worries return In a statement overnight, Sir David Frost, the chief UK negotiator said that progress “seemed blocked” as divisions among key issues escalated. He said that Boris Johnson had held a phone call with Ursula von der Leyen, the EU president. In an accompanying note, he noted that fisheries were the main issues. He said that the country would not accept a situation where it did not have