Following Brexit talks in London this week, Chief Negotiator, Michel Barnier, said that “significant divergences” remain on both sides, but added that discussions have been “useful” and negotiations have been carried out in “good faith”. Talks will continue in Brussels next week. He also said that, after the Brexit transition deadline, there will be “inevitable changes” between how the two sides operate.
After a strong week against the dollar, the euro was slightly weaker yesterday ahead of the Eurogroup meeting. If finance ministers agree on the details of their coronavirus rescue package, then this could be positive for the euro. However, sticking points still remain between member states.
This morning, French industrial production figures increased at a record 19.6% month-on-month in May of 2020, following an upwardly revised 20.6% fall in the previous month. This was due to lockdown easing and the economy reopening.
