The pound is mildly weaker this morning against the euro and the dollar as Brexit concerns weigh. Official negotiations resume this week and the Prime Minister is expected to announce today that, if a deal cannot be agreed on by the 15th of October, then the UK will leave the EU without one.
There are also concerns about leaked plans that the UK government will introduce domestic legislation which will undermine the Withdrawal Agreement. As these plans would also affect the Irish Protocol, Ireland’s Foreign Minister Simon Coveney tweeted that would be “a very unwise way for the government to proceed”.
It will, therefore, be interesting to see how negotiations turn out this week. Any news towards the end of the week could impact the pound. There’s also a series of data releases due for the UK on Friday, including GDP and industrial production figures.
