The pound is steady this morning amid more positive news surrounding Brexit talks. Despite the promising rhetoric, sterling has failed to rally, perhaps due to increasing global uncertainties.
President of the European Commission, Ursula von der Leyen, said yesterday that Brexit negotiations were making “good progress” and added that talks were “boiling down to two topics that are the most important – Level Playing Field and fisheries.”
European Council President, Charles Michel, has signalled that there are hopes of the ratification process starting in mid-November.
Data released yesterday showed that UK car manufacturing output fell 5% from a year earlier to 114,732 units in September, the lowest level for the month in 25 years. This is due to uncertainties surrounding the pandemic creating challenging global market conditions.
