Pound resumes slide at start of key Brexit week

The British pound fell against the euro and dollar on Monday, the start of a pivotal week for Britain and the European Union to strike a Brexit deal.European and US stocks also retreated as investors weighed the partial US-China trade agreement announced Friday that initially boosted markets.

“Stocks won’t fall that much because the trade situation has improved between China and the United States,” said Gregori Volokhine of Meeschaert Financial Services. Official data meanwhile showed Chinese imports and exports fell more than forecast in September, as US tariffs and cooling demand at home and abroad hit trade in the world’s second largest economy.

But European officials on Sunday said obstacles remained on how to manage trade and customs between EU-member Ireland and Northern Ireland, which is a part of the United Kingdom.

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