The pound is still strong against the euro this morning, if a little weakened from yesterday’s position by concerns over the Brexit talks currently taking place. Yesterday’s figures showed house prices fell month-on-month by further than expected, although they were still up compared to this time last year. Mortgage approvals also dropped to the lowest levels since records began.
The National Federation of Fishermen’s Organisations has warned that there’s ‘no sign of compromise from member states’, saying that an agreement on the fisheries issue is ‘not very likely’. The markets will be awaiting Friday’s briefing from Michel Barnier, and the UK side is likely to also comment.
