The pound is well supported against the euro and the dollar this morning as Brexit talks continue this week. France are holding firm on their stance towards fishing rights and, so far, are refusing to compromise. It’s thought that the UK are seeking a Norway style fishing agreement with the EU.
It’s hoped that German Chancellor, Angela Merkel, can persuade French President Emmanuel Macron to make some concessions. If we see a breakthrough on fishing rights, this will be a major step forward in securing a deal.
CBI Distributive trades data, which measures the health of the UK retail sector, will be released this morning. It’s thought that the sales balance will show a decrease in October from a strong month in September.
