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GBP has been trading higher today on continued hopes that the UK will be able to agree to a Brexit deal with the EU. Michael Barnier, the EU’s chief negotiator, told reporters on Tuesday morning that although “big gaps” remain between the two sides, a deal is “still possible this week”. Speaking in Luxembourg ahead of a meeting with EU leaders later today, Barnier struck an optimistic tone saying that although time-wise it is becoming “more difficult” to do a deal, it was “time to turn good intentions into text”.
Barnier’s meeting with EU leaders today is the latest in a string of meetings recently which have seen discussions intensifying ahead of the EU summit which starts on Thursday. On Monday, there were 12 hours worth of talks, highlighting the effort that leaders are putting into attempting to resolve the situation.
Irish PM Confident Over Deal
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