The pound is volatile this morning as the EU summit gets underway today. EU leaders will address the progress of Brexit talks so far and are expected to say that negotiations need to continue for a deal to be achieved before the Brexit transition deadline.
Originally setting a deadline of October 15 for a deal to be struck, Boris Johnson said yesterday that he would wait for the outcome of the summit before planning the UK’s next steps.
There have been contradicting headlines and comments surrounding the summit, with some saying that Brexit talks could continue into November. Sticking points still remain, including issues surrounding fisheries. However, there have been reports of progress on the Level Playing Field.
We are likely to hear more news today and tomorrow about how the summit is progressing.
