The pound is strong against the euro and the dollar this morning on news that the EU’s Chief Negotiator, Michel Barnier, has called for a meeting on fisheries today. This could suggest progress, as he may have an offer to put to the UK which could be a step towards solving the issue. Any press briefing after this meeting could have an impact on the pound.
Despite this, some reports suggest that the meeting is just an update on the state of play, rather than an indication of progress.
Data released yesterday showed that Car production in the UK fell 18.2% year-on-year to 110,179 units in October, mainly due to lower shipments to the US and the EU.
