The pound has weakened against the euro and the dollar this morning on reports that cast doubt over a Brexit trade deal being secured before the December 31 deadline. The EU’s Chief Negotiator has told the 27 EU leaders that differences remain between the two sides. Despite this slip, sterling remains above key levels against the dollar.
Positive retail sales data for Germany were released this morning, providing some optimism for Europe’s economic recovery. In the US, Federal Reserve Chair, Jerome Powell, is pressuring Congress to help the “fragile” US economy.
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