It was a quiet weekend on the news front, with little information coming from the government or Europe in relation to the Brexit agreement. With just 32 days remaining on the countdown to the day when the UK formally leaves the trading bloc, after numerous deadlines have been and gone, it will draw an end to the 4 years of uncertainty for businesses and the economy following the 2016 referendum.
Face to face talks resumed over the weekend, after Europe’s top negotiator came out of self-isolation and flew to London. Dominic Raab spoke to the BBC yesterday, where he said this week is to be the “last real major week” for the negotiations. This will make sterling pairs extra sensitive to any leaks from either side, as traders try to understand the position come the end of 2020.
Data was released this morning showing the second lockdown for England has, so far, had a positive impact for Covid infection. Data of 100,000 volunteers shows that the rate of infections has dropped by 30% over the month, as England prepares to re-enter the tiered regional system on Wednesday. The hope for leaving the lockdown is that economic activity can start to pick back up again, heading into the usually busy festive period.
Have a great day,
Author: Jack Nicholls, relationship manager