Sterling continues to be rangebound as events elsewhere dominate markets. UK/EU Brexit trade talks are set to continue today but with both sides remaining steadfast in their respective positions the prospects for a post Brexit trade deal hang in the balance.
Ahead of the talks, Irish foreign affairs minister, Simon Coveney, poured cold water over hopes of a full deal being agreed before Christmas, and with the UK continuing to threaten invoking Article 16, and French PM Macron calling Boris “a clown” and “a knucklehead” the mood music going into the talks is hardly conducive to a deal being reached.
With no major UK economic data slated for today, the pound will continue to trade in line with broader market sentiment.
