It’s a quiet day for the pound today, although comments by the German Foreign Minister, Heiko Maas, that Germany would not support further Brexit extensions after 31st October did cause a brief weakening. Today, the important release will be wage data, expected to come in at 3.5%, as in the previous month.
Cross-party talks are continuing, with Foreign Secretary Jeremy Hunt saying that they have thus far proven to be ‘more constructive’ than many outside commentators would have expected. An internal deadline in nine days’ time has supposedly been set, to allow the two parties to take stock. Whether anything public will be released at this point, we don’t know.
