The pound is almost flat against both the dollar and the euro during early Thursday trading. Today brings the UK’s self-imposed deadline for a post-Brexit agreement to be reached with the EU but despite no such deal being in place and a prevailing risk-off sentiment in the markets, investors don’t seem to believe the UK will walk away from negotiations empty handed. This could be because, faced with a battered economy, climbing COVID-infection numbers and an increasingly tense domestic political environment, the last thing Boris Johnson’s government needs is another fire to extinguish.
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