The pound had its biggest daily fall in three months against the euro yesterday after expectations for a ‘no-deal’ Brexit increased. Speaking after his meeting in Brussels with the European Commissioner, the Prime Minister said yesterday that there is a “strong possibility” that the two sides won’t agree on a trade deal and that they’re “not yet there at all”.
The Prime Minister added that the UK should prepare to trade on WTO terms and the EU have also published no-deal contingency plans. Negotiations will continue ahead of the soft deadline on Sunday and the hard December 31 deadline, which is just three weeks away.
