Sterling weakened yesterday on worries over Brexit trade talks between the UK and the EU. With the December 31 deadline fast approaching and the European Council meeting this week, there are concerns over whether a deal can be agreed soon. Reports that the EU’s Chief Negotiator is “rather downbeat” about the progress of negotiations didn’t help the pound.
However, this morning the pound has recovered on news that Prime Minister Boris Johnson will travel to Brussels this week for a face-to-face meeting with President of the European Commission, Ursula von der Leyen. This came after the two of them had a phone call yesterday to discuss key issues. The day of the meeting hasn’t been confirmed yet.
The Pfizer/BioNTech vaccine has started to be administered in the UK today. The first of 800,000 doses was administered at 6:30 this morning.
