How about the Euro Index?
A three-hour dinner between Johnson and von der Leyen proved to be fruitless on Wednesday with both sides releasing statements saying they were far apart and that it was unclear whether gaps can be bridged. They promised a decision about whether to continue on Sunday, which sets the FX up for significant weekend risk.
The same problems on fishing, enforcement and level playing field remain with the latter appearing to be the most problematic. For its part, the market remains optimistic. Even after a sharp fall on the meeting headlines, sterling later recovered most of the decline.Meanwhile the global theme continues to be strong economic data. UK October GDP cruised past expectations of a flat reading with a 0.4% gain. Industrial production was also firmer in the month.
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