Brexit talks continue to stall over fishing rights
EU Brexit negotiator Michel Barnier has proposed that EU fishermen give up nearly a quarter of the value of the fish they currently catch in UK waters. Britain is understood to be seeking more than half of the value. December 20, 2020 11:55:44 am The European Parliament wants Britain and the bloc to reach a deal by Sunday night. (AP Photo/Kirsty Wigglesworth)
Fishing rights remain a key stumbling block on the path towards a Brexit trade deal as another EU deadline on Sunday looks set to pass without an agreement, according to senior officials.
GBP/USD Rates Buoyed by Extended Brexit Talks But Will Rally Last?
2020-12-14 08:00:00
Daniel Moss,
Analyst
British Pound, GBP/USD, Extended Brexit Negotiations, IGCS – Talking Points:
Equity markets broadly gained during APAC trade as investors cheered stimulus progress and the impending deployment of Pfizer’s Covid-19 vaccine in the US.
Extended Brexit negotiations may underpin the British Pound in the near term.
However, the lack of meaningful progress on several key issues suggests that a no-deal scenario is still a likely possibility.
GBP/USD rates could be poised to extend losses as prices carve out a Double Top reversal pattern.
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