By Yasin Ebrahim
Investing.com – The pound eased from a month-high against the dollar on Tuesday after not breaking an important technical level of trade after the U.K. dismissed reports that Prime Minister Boris Johnson was ready to compromise on the key stickers that have stifled progress in the talks following Brexit.
rose 0.34% to $ 1.2541, but had jumped as high as $ 1.2575 and tested the 100-day moving average, an important technical level of about $ 1.2573.
England. has expressed a desire to take control of access to its waters and fishes at the end of the transitional period, rather to follow the EU’s Common Fisheries Policy, which sets fishing quotas among EU Member States.
The prime minister’s official spokesman reportedly said that reports suggesting the U.K. is ready to compromise fishing and equal playing field was “EU wishful thinking.”
“We have always been aware that there is no question of dividing the difference between equal terms and fish,” he added.
The comments added to the growing concern over a lack of progress in negotiations so far before the fourth round of Brexit negotiations, which are underway today, before both sides take a break to assess progress.
When the clock runs down at the end of the June deadline for the U.K. To request an extension of the trade negotiations of up to two years, many have warned that the road to sterling is likely to be fraught with challenges amid a weaker economic background.
Data on Tuesday showed a sharp decline in the UK. mortgage approvals in April and house prices suffering from the steepest monthly decline of 11 years.
“There are significant headwinds to demand in the outlook – higher unemployment, falling wages and significant financial uncertainty,” HSBC said.
Fusion Media or anyone involved with Fusion Media assumes no responsibility for any loss or damage arising from the reliance on the information, including data, offers, charts and buying / selling of signals on this site. Be fully informed about the risks and costs associated with trading in the financial markets, it is one of the most risky types of investment.