The pound is still strong against the euro and the dollar this morning on hopes for a Brexit trade deal. Yesterday, European Commission President, Ursula von der Leyen, said that progress had been made this week and that there could be a “narrow path” to a deal.
Reports suggest that there has been progress regarding the level playing field, however, this hasn’t been completely resolved yet. There is still a notable impasse concerning fisheries and there are suggestions that this issue will be the focus of today’s negotiations.
As well as Brexit negotiations, all eyes will be on the Bank of England today as they reveal the outcome of their latest monetary policy meeting. They are expected to keep interest rates and monetary policy changes on hold as they wait for the outcome of Brexit negotiations.
