The pound is weaker against the euro and the dollar today, due to heightened volatility ahead of the EU summit tomorrow. It’s been reported that EU leaders will label progress in Brexit talks as “not sufficient” for a deal.
Boris Johnson, European Commission President Ursula von der Leyen and European Council President Charles Michel are to hold conference call on Brexit today to try to make some progress on ahead of the EU summit. Boris Johnson declared previously that he could walk away from negotiations if a deal doesn’t look likely by the 15th.
This week, Bank of England official, Jonathan Haskel, said that the Bank have an “absolutely open mind” about the possibility of sub-zero rates as part of its support for Britain’s economy during the coronavirus crisis.
