A report from Reuters that EU diplomats have said they are willing to compromise on fisheries – up to now a key sticking point in the Brexit trade negotiations – helped give the pound a boost against the euro yesterday, coming on the back of optimism over the reopening of non-essential retail in a month’s time.
A ‘coronavirus webinar’, attended by the Bank of England’s Haldrane, also helped to put some optimism in the markets by pouring cold water on rumours of negative rates. While not ruling them out completely in the future, Haldrane said that he wanted to be clear that they had not yet ‘remotely’ reached an agreement on the different options under consideration.
