The EU member states have started preparing procedures for a new trade deal from January 1, if it is finally reached.
Harry Cole, of The Sun newspaper, says that “a Brexit agreement is in sight.” He adds that a dispute over the batteries is delaying the final settlement.
Sam Fleming of the Financial Times also reports that recent progress in the talks raises hopes of a imminent agreement.
He GBP / USD has risen above 1.35, gaining 135 pips in the past hour to hit new three-day highs at 1.3537. The pound closed last week at 1.3521 on Friday and is now above that mark. At time of writing, the pair is trading above 1.3523, up 1.21% on the day.
Here is the pound / dollar move:
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