Scottish Govt: No credible outcome from Brexit talk other than UK remaining part of EU

Reuters reports comments from the Scottish government on the Brexit talks, with the key headlines found below.

No credible outcome from Brexit talk other than the UK remaining part of EU.

No deal for the UK with EU after Brexit would mean 8.5% hit to Scottish GDP by 2030.

Meanwhile, GBP/USD stormed its way through the 1.3800 barrier to hit fresh post-Brexit highs at 1.3820 amid fresh USD selling across the board. As of writing, Cable eases back to test 1.38 handle, consolidating the latest upmove ahead of the BOE MPC member Tenreyro’s speech.