14 December 2020 - Talks to continue but same issues remain
"The EU and UK representatives negotiating a post-Brexit trade deal have been told by their respective leaders to continue talking despite the comments made by both sides at the end of last week that agreement is unlikely to be achieved. With the UK’s transition period ending on December 31st, it is hard to imagine the three remaining issues being resolved. Despite the deeply rooted intransigence of both sides, they both now understand that a deal is preferable but the rhetoric about being prepared to walk away remains. In a joint statement released yesterday, Johnson and von der Leyen did not say how long talks would continue for but there seems to be a growing realisation of what no deal actually means even at this late stage, and a desperation to get an agreement is growing. The Pound has rallied overnight as traders optimism in a deal being done was renewed. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.