Pound Sterling up as Brexit negotiations get a reprieve

Brexit is back in focus for Sterling, after today’s news that the EU accepted an offer from the UK for a transition period on fishing rights, effective January 1st. This removes one of the key hurdles for negotiations as the clock winds down closer to the December 31st deadline and further reduces the possibility that the UK will leave the EU without a deal at the end of the year.

Apart from this, Ursula von der Leyen boosted hopes yet again by sending a top official to aide Michel Barnier, raising the possibility of a deal being struck by Friday after EU officials already claimed one was “95% done”.

Positive news on the Covid-19 front is also catching headlines this morning. According to an article from Reuters, UK virus infections have fallen by 30% due to the national lockdown according to a study testing 100,000 volunteers. The study conducted by Imperial College London and Ipsos MORI saw just 96 people per 10,000 test positive for the virus between November 13th and November 14th, down from 130 infections per 10,000 in the weeks between October 16th and November 2nd.

Source: monexeurope.com


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