XE Market Analysis: Europe – Dec 10, 2020

Sterling is under pressure after three hours of “lively and interesting” talks between UK PM Johnson and the European Commission President von der Leyen, and their chief negotiators, last night failed to find a way round “significant obstacles.” Talks will continue, and a new deadline has been set for Sunday, with the leaders promising that a “firm decision” would be made then. UK foreign secretary Raab said that talks could still be extended beyond then.