EU-UK Fisheries Impasse Revealed, Pound Sterling Sheds Ground against Euro and Dollar Ahead of Weekend

EU Chief Brexit Negotiator Michel Barnier has apparently called a meeting of EU fisheries ministers for Friday.

It is time to fade the British Pound's Brexit optimism, according to TD Securities who say the UK currency now looks vulnerable to a decline.

The Pound has been burdened anew in November by evolving market expectations for interest rates at the Bank of England (BoE) and elsewhere in the world, although this weight around the ankles of Sterling could turn to a tailwind in the event that a Brexit deal is agreed over the coming days or weeks.

The British Pound will likely only likely see a sizeable move higher in value in December according to one analyst we follow, while another warns that any gains are likely to be limited and 2021 will witness a decline in the currency.

Optimism over covid-19 vaccines and hopes of an imminent Brexit trade deal continue to underpin a rally in the value of Sterling against the majority of its peers, however one foreign exchange trader we follow says the currency will likely sell off in the wake of a deal being struck.

The British Pound started the new week higher amidst reports UK Prime Minister Boris Johnson was set to make a political intervention in Brexit trade negotiations with a view to achieving a deal by early next week, while foreign exchange markets were in a 'risk on' mood following vaccine news from AstraZeneca/Oxford University.

A stand-out piece of research from one of London's most enigmatic hedge funds predicts the Pound will surge in value against the Euro and Dollar over coming months as twin events collide to deliver a "transformational" global event with notable implications for foreign exchange markets.

The British Pound is at risk of suffering a setback amidst signs that the recent optimism amongst investors on the prospect of a post-Brexit trade deal is misplaced, amidst signs EU leaders are set to make a final push for concessions from the UK.