The pound is weaker against the euro this morning but stronger against the dollar. This week is meant to mark the deadline for the EU and UK to deliver a Brexit deal, specifically by the EU summit, which takes place on Thursday. However, reports suggest that key issues remain. Environment Secretary George Eustice said that sticking points “can be resolved.”
The process could become more complicated if a deal isn’t agreed this week, as the EU need time to ratify it before the end of the transition period. We could see volatility for the pound as the week goes on.
This week, there will be a series of data releases for the UK, including inflation rate figures on Wednesday and retail sales on Friday.
