The pound has strengthened this morning on hopes that a Brexit deal can be achieved. Yesterday, the two sides agreed that it would be worth continuing with talks, despite sticking points remaining. Both the UK and the EU have not set another ‘soft’ deadline, which could suggest that talks will run right up to December 31 if necessary.
EU sources told newspapers at the weekend that there had been “genuine progress” in recent days. A UK source said that a deal “still has some legs”, however, the Prime Minister has said that a ‘no deal’ is the most likely outcome.
Talks will continue in Brussels this week, with the level playing field and fishing rights being the topics for discussion. Both the National Farmer’s Union and the British retail Consortium have warned of disruption if the UK is to leave the EU on WTO terms.
The Bank of England will release the minutes from their latest meeting on interest rates on Thursday. The rate is expected to be kept the same as officials wait for the outcome of Brexit negotiations.
