BREAKING: Dollar Loses Ground and Pound Gains as Traders Eye Brexit Talks

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BREAKING: Dollar Loses Ground and Pound Gains as Traders Eye Brexit Talks

TOKYO (Reuters) - The dollar lost ground against other major currencies on Monday, while the pound and the euro drew strength from signs that Britain and the European Union could make progress negotiating a post-Brexit trade deal.

Sentiment across markets were mixed, caught between fears of a resurgence of global coronavirus cases and hopes for a working vaccine that could help reignite global growth.

Against a basket of currencies, the dollar softened marginally, fetching 92.565 in Asian trade.

Hopes for Brexit compromise emerged after news Dominic Cummings, the most powerful adviser to Prime Minister Boris Johnson, would leave Downing Street in mid-December.

The British pound edged higher against the dollar, changing hands at 1.3226 per dollar, and against the common currency as well, and last stood at 89.61 pence per euro. The euro last sat 0.16% higher at 1.1854 per dollar.

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