The pound is slightly stronger this morning against both the euro and the dollar, as there is speculation of a breakthrough in Brexit talks. However, it could remain volatile and reactive to more Brexit news.
Although it’s clear that issues surrounding fisheries is still a major sticking point, there has been speculation that progress has been made towards the issue of state aid. It was hoped that a deal could be finalised before the EU leader’s summit on the 15th of October and according to some reports, both sides are hopeful that a deal will be reached before then.
The Bank of England’s Financial Policy Committee are due to make a statement later this morning and are likely to comment on recent economic data and the state of the economy.
