Euro is choppy as Brexit talks resume via video conference. The UK has said that it will not propose or accept an extension to this year’s transition period, sparking worries among investors in both the EU and the UK. With such a tight timescale, Michel Barnier has called for ‘real, tangible progress’ by June at the least. Next week will see another round of talks, followed by 11th May and 1st June.
Yesterday saw industrial production continue to decline in the Eurozone, while German wholesale prices dropped sharply. This morning, we will see Eurozone construction figures, expected to decline but still remain in the positive overall.
The European Central Bank has continued to set out its proposals to deal with the economic fallout of coronavirus. Christiane Lagarde said on Thursday that the Bank is willing to increase and adjust its asset purchase programmes ‘by as much as necessary and for as long as needed’.
