The pound is stronger against the euro and the dollar this morning due to cautious optimism that a Brexit trade deal can be agreed very soon. However, negotiators still face several hurdles and yesterday, the Prime Minister reiterated his view that the UK will “prosper” without a deal.
The EU’s budget faces opposition from Hungary and Poland, which could impact the €750 billion put aside to help the Eurozone economy recover from the pandemic. In the US, there have been calls from President elect Joe Biden for a stimulus package to be finalised before he takes office.
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