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Monday, December 14, 2020

Pound bulls continue...

Pound bulls continue...

It remains to be seen whether the latest extension to a deadline for trade talks between the UK and EU yields any success in terms of resolving outstanding differences, but the fact that both sides are willing to continue efforts in pursuit of a deal has been taken as a positive for the Pound with Cable having another glance at 1.3450 and Eur/Gbp back below 0.9100. Moreover, the latest briefing from Brussels via Barnier suggests that 1 of the 3 major sticking points has been overcome, leaving fisheries and the LPF blocking a narrow path to the holy grail, though he is still said to be guarded about prospects of reaching an agreement, while noises from Paris are apparently ever so cautiously encouraging.



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