The British Pound went lower against its main rivals on Wednesday following confirmation that EU and UK negotiators are unlikely to strike a post-Brexit trade deal this week.
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The UK "is a buy" say economists at Goldman Sachs who see a free-trade deal being signed between the EU and UK around about the time of the December 10-11 European Council meeting, a development th…
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The British Pound firmed at the start of December amidst signs trade negotiators continued to inch towards agreeing a post-Brexit trade deal, aided by positive comments by Germany's Angela Merkel.
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The British Pound starts the new week with some modest gains against the Euro, Dollar and other major currencies, but the gains are too modest to make up for the sharp decline witnessed on Friday.
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EU and UK negotiators will meet for face-to-face talks in London on Saturday to try and thrash out a post-Brexit trade deal, but it looks as though significant disagreement remains over fisheries.
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EU Chief Brexit Negotiator Michel Barnier has apparently called a meeting of EU fisheries ministers for Friday.
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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.
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