Pound falls again amid Brexit chaos as global stocks gain

Pound coins in front of a displayed dollar banknote. Picture: REUTERS/DADO RUVICThe pound retreated on Friday after London requested another extension in the long-running Brexit saga, while global stocks rose modestly on US-China trade talk hopes and solid US jobs data.

“As far as most currency traders are concerned the chances of a no-deal remain remote — but at the same time a satisfactory outcome anytime soon also seems highly unlikely,” said XTB analyst David Cheetham. Asian equity indices mostly rose in holiday-thinned trade on hopes that China and the US will hammer out a trade deal after both sides sounded notes of optimism.

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