The euro ended the week on a positive note, benefiting from the pound’s weakness. It is strong against sterling this morning, but weaker against the dollar.
Irish Deputy Prime Minister, Simon Coveney, has said that he welcomes parts of the new plan for Brexit, but that further changes are needed to avoid custom checks. He added that the border question is an “emotive” topic, and that the plan does not explain how border checks and security risks would be avoided.
President Macron has stated that the EU will conclude if a Brexit deal is possible by the end of the week. They’ll assess whether a deal, based on Johnson’s Brexit plan, can “respect” EU principles.
German Factory Orders were released this morning, falling by 0.6% month-on-month, compared to market expectations of a 0.3% fall. We’ll also see industrial production figures tomorrow and German Balance of Trade figures on Thursday.
