“We have seen some progress in the trade agreement, but there is still a long way to go, “said a senior EU official, as reported by Reuters.
“We do not expect another summit in November on Brexit“added the official.” At this stage it would not be justified.
Earlier in the day, Bloomberg reported that the UK is likely to continue negotiations even if they fail to reach a deal before the October 15 deadline.
Market reaction
GBP / USD rose modestly on the initial reaction to this headline and was last seen gaining 0.32% daily at 1.2975. Meanwhile, the UK’s FTSE 100 index is shedding 0.25% at 5,955.
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Credits:Forex Street
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