Boris deal short of EU expectations

Hi everyone,

It was a rather sour response from the EU after receiving the latest Brexit deal from the UK. The initial response has been that this deal will not be agreed, however talks are not dead in the water, which is why rates are holding.

The domestic scene seems to have significantly improved with reports suggesting the deal will pass Parliament with a majority of around 20. Steve Baker who is the leader of the Conservative EERG has said "We now glimpse the possibility of a tolerable deal".

European Council Donald Tusk said yesterday "We remain open but still unconvinced" with Boris Johnson commenting "I am not going to pretend this is a done deal". The FX market remains on the sideline, awaiting more concrete details before traders make their move. 




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Dan Waterman
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