Euro is weak against the pound this morning, as positive Brexit rhetoric has given sterling a boost. The single currency is strong against the dollar, which is still suffering due to the Federal Reserve’s recent rate cut.
Boris Johnson will have further discussions with Angela Merkel in New York next week, with only three days left in Merkel’s thirty-day deadline she raised last month for him to come up with alternatives to the Irish backstop. On the UK’s proposals so far to replace the backstop, Jean-Claude Juncker said, “It is the basis of a deal. It is the starting and the arrival point.”
This afternoon, we will see European consumer confidence, expected still to be in the negative but to show a slight improvement from the previous month.
