Pound drops despite Brexit talks moving on to second phase - as it happened

Sterling slips back after early gains, even though EU leaders agree to move talks to second phase 2.04pm GMTEC president Jean-Claude Juncker is not the only one to warn that difficult times lie ahead for the Brexit talks. Moody’s Investors Service said in a new report:The agreement in principle on the terms of the UK’s withdrawal from the European Union is positive to the extent further delays would have reduced the time available to avert a “no- deal” scenario on 29 Marc