The pound is still looking weaker this morning, despite positive Brexit developments, due to the impending lockdown in England on Thursday. The lockdown was approved by Parliament yesterday and the furlough scheme has been extended for a month to accommodate.
UK and EU officials have said that they are looking to a mid-November deadline to reach a post-Brexit trade agreement. According to reports, a compromise on the issue of fisheries isn’t far away.
The US election result, which we may know by this time tomorrow, could also have an impact on the pound. The Bank of England’s monetary policy meeting will take place on Thursday and any news of an increase in stimulus measures may also affect sterling.
