Sterling has had a low start to what will be a crucial week for Brexit, as the UK and EU leaders attempt to come closer to a deal ahead of their summit in nine days’ time. There have been reports this morning that there has been preparation for a breakdown in talks between the two sides, sending the pound even lower. Parliament will be prorogued from tomorrow until 14th, but it certainly doesn’t mean that it will be a quiet week.
Euro has had a choppy start to the week, amid less-than-stellar economic figures and further warnings from the ECB of the economic difficulties ahead. The single currency zone’s central bank said yesterday that many European banks are ill-positioned to survive a crisis.
The dollar is up against the pound, as the markets await the progress of high-level trade talks, set to resume later this week.
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