The EU negotiating team has informed the ambassadors that the Brexit talks remain unresolved on three main issues. It’s about fishing, governance and a level playing field. Brussels says that London has not moved on these issues.
The GBP/USD it is trading near 1.3250, falling from around 1.33.
Face-to-face talks were suspended after a member of the EU team tested positive for COVID-19.
The UK formally left the EU on January 31, but remains in a transition period that expires at the end of the year. Both sides are discussing future relations after Brexit.
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