The pound weakened against the euro and the dollar yesterday as the markets awaited hints that a Brexit trade deal can be agreed before the end of the transition period.
There was a brief resurgence this morning as UK retail sales came in ahead of expectations.
Today is the last day of the EU summit. Chief negotiator for the EU, Michel Barnier, will brief the 27 member states on the progress of negotiations this morning. This is likely to provide some more information on whether a deal can be reached soon.
There are also expectations that member states will ask for further clarity on issues such as what to expect from a no-deal Brexit and how businesses should prepare for this.
