The pound is strong against the euro and the dollar this morning on news that the UK and EU have agreed to intensify Brexit talks. The EU’s Chief Negotiator, Michel Barnier, said that the “door was open” for further negotiations earlier this week. David Frost said yesterday that the UK are ready to welcome the EU to London to continue talks.
This followed a statement from Barnier to the EU Council yesterday morning, which ultimately said that the EU need to make concessions to drive negotiations forward.
Today, Bank of England officials, including Governor Andrew Bailey, and are expected to comment on the health of the economy. These will be followed by Industrial Trend Orders and the CBI Business Optimism Index.
