EU chief negotiator Barnier has reported to EU leaders that fisheries is still the main stumbling block in trade talks with the UK. However, the Pound has recovered some of its losses as there is some renewed optimism that progress is being made. UK Housing Secretary Jenrick is hopeful of an agreement whilst Irish PM Martin mentioned he believes there is more chance of a deal than a no-deal scenario.
France has reopened its border with the UK following a 48-hour closure. Germany has reported 24,740 new coronavirus cases today along with 962 deaths which makes it the deadliest day of the pandemic for Europe’s largest economy. Nonetheless, the Euro remains strong against the Dollar but has lost ground against a stronger Pound.
Trump has refused to sign off the coronavirus fiscal relief package that the Senate and House of Representatives approved, citing that there are unnecessary items that need to be removed whilst payments to households should be amended upwards to $2000. US final GDP came out better than expected at 33.4% compared to 33.1% that was forecast although US consumer confidence data disappointed the market. Overall, the Dollar remains weak against both the Pound and Euro.