“Hopes are there for a compromise but I remain prudent regarding the EU summit outcome,” French President Emmanuel Macron said on Monday.
“There have been tense moments but things have advanced in the EU summit and a compromise is likely,” Macron added. “I am starting today with a lot of determination to make progress on the EU summit.”
Meanwhile, German Chancellor Angela Merkel noted that an agreement was reachable despite difficult negotiations.
Market reaction
The EUR/USD pair edged higher on these comments and was last seen gaining 0.33% on the day at 1.1465.
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