The euro is stronger against the pound and weaker against the dollar this morning. The EU’s Chief Negotiator, Michel Barnier has briefed the bloc’s national ambassadors in Brussels this morning on the state of Brexit trade talks. A senior EU diplomat has reportedly said that he was rather “downbeat” when explaining that sticking points remain between the two sides.
Meanwhile, Ireland’s Taoiseach Michael Martin put the chances of an agreement at only 50-50 and cautioned against over-optimism.
The ECB will hold their press conference this Thursday and are expected to announce further monetary stimulus to support the EU economy. At their last meeting, officials hinted that they would introduce more stimulus measures at their December meeting as a response to the second coronavirus wave.
