The pound is slightly weaker this morning, but still at significant levels against the euro and the dollar as the markets await Brexit news. Yesterday, France’s foreign minister Jean-Yves Le Drian told French politicians that the UK had still not yielded on the matter of fisheries.
Chief negotiator for the EU, Michel Barnier, was due in London today to resume talks. However, reports suggest that he hasn’t made the trip due to lack of progress.
Chancellor Rishi Sunak set out spending plans for the next year yesterday. He said that the economic emergency had only just begun and revealed that the economy is predicted to contract by 11.3% and grow by 5.5% next year and 6.6% in 2022.
The government will set out England’s regional tier system later, which will kick in after the national lockdown ends next Wednesday.
