Commenting on the Brexit negotiations, the Irish Foreign Minister Simon Coveney said on Monday, “negotiations are not in a good place when it comes to fisheries.”
Additional takeaways
“We’re in the same place on fisheries as we were in mid-summer.”
“Only a few minor concessions were discussed.”
“We really are in the last 7 to 10 days of Brexit negotiations.”
“Things need to move on Brexit deal this week.”
Market reaction
GBP/USD is fading a spike to four-day highs of 1.3242 on the above comments, now trading in a familiar range around 1.3215, adding 0.24% on the day. The risk-on mood amid vaccine optimism underpins the pound at the expense of the haven US dollar.
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