Boris Johnson and Jean-Claude Juncker’s meeting in Luxembourg saw little progress made, with the European Commission saying the UK had no new concrete plans to actually put forward. Both sides have, however, agreed to step up talks, with Johnson insisting the UK will still leave on 31st October.
There could be a few bumps in the road ahead for the relationship between the EU and the US. America’s Ambassador to the EU told the press that ‘if negotiations between the U.S. and EU don’t elicit a change…then the United States will suspend concessions and resort to tariffs.’
The US will see a flurry of economic data today, including industrial and manufacturing production figures, which the markets will be watching closely.
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