The pound is stronger against the euro and the dollar this morning ahead of the ninth round of Brexit talks, which are due to begin this week. Tomorrow, three days of negotiations will start in Brussels, followed by a press briefing on Thursday. This is due to be the final round of talks before the Brexit transition period comes to a close at the end of this year.
At the end of last week, there was some positive rhetoric surrounding negotiations that gave the pound a boost. Whilst Michel Barnier acknowledged that the Internal Market Bill is ‘unhelpful’, he also said it created an ‘opening’ with negotiations.
GDP figures will be released for the UK on Wednesday and are expected to confirm that the UK gross domestic product shrank by 20.4% in the second quarter of this year. Manufacturing PMI data will be released on Wednesday.
