Brexit: EU, UK reportedly are split on the issue of state aid

According to the latest headlines floating on the wires, via Reuters, citing EU sources on the matter, the EU and the UK failed to close differences in the latest round of Brexit trade talks and are split on the issue of state aid.

The pessimistic remarks took its toll on the British pound and dragged the GBP/USD pair back below the 1.2900 mark, or fresh session lows in the last hour.