- European session review: GBP lifted by anticipated post-Brexit trade deal
Market news
24 December 2020
European session review: GBP lifted by anticipated post-Brexit trade deal
GBP rose against its major rivals in the European session on Thursday, as the UK and the EU's officials are expected to confirm a much-anticipated Brexit trade deal today.
In the morning, Ireland’s foreign minister Simon Coveney said that a “last-minute hitch” related to “small text” of a fisheries agreement delayed an announcement of the deal, but it is still expected "later on day".
According to the latest comments of the sources familiar with the negotiations, the deal may be hours away. Reuters reported that an EU official said that the EU-UK negotiations snagged on fishing rights and a deal might still be hours away. Meanwhile, the UK side told a BBC correspondent that "there could well be a few more hours of talking left to do".
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