London RationalFX

RationalFX : Pivotal week for Brexit negotiations

RationalFX : Sterling strengthened on Friday against both the Euro and Dollar after news that Dominic Cummings, Chief Adviser to the Prime Minister, left his post.

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Optimism is now building that a deal could be clinched with a compromise with the EU more likely now that Cummings has left his post. Cummings had a hard stance on Brexit but his departure could lead to Boris Johnson softening his stance on Brexit and agreeing some sort of trade deal.

However a spokesman for Boris Johnson stated that the UK will not look to change their position. The UK and EU now enter a crucial week in Brexit negotiations with time running out, this week will be very pivotal in determining whether a deal can be reached or not. Three main sticking points remain but David Frost stated that ‘some progress’ has been made.

Key announcements

9:00 – EUR – ECB financial stability review

13:00 – EUR – ECB President Lagarde speaks

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