The pound is volatile this morning after the ninth round of Brexit negotiations came to a close last week. There are plans for talks to intensify over the coming weeks to settle issues such as fisheries and the level playing field, which are still sticking points.
In a call on Saturday between Prime Minister Boris Johnson and President of the European Commission, Ursula von der Leyen, the two sides agreed to “close significant gaps” over the coming weeks. Any news of progression or any rhetoric which suggests that progress isn’t being made could impact the pound.
With regards to coronavirus, the Prime Minister said it could be “bumpy” until Christmas and beyond as the country deals with a rise in cases.
PMI data is due for the UK today, as well as a Bank of England statement on Thursday and a series of data releases on Friday.
