Comments by the German Ambassador to the EU, Michael Clauß
He talks about the prospect of the UK extending the Brexit transition period beyond 2020. As the June deadline slowly approaches, expect both sides to continue playing hardball until ‘at the very last minute – a Brexit tradition.
Clauß also says that there is “no real progress” in the EU-UK negotiations, so this is something to note, as talks are still underway this week. But again, such an update should come as no surprise, all things considered.
Cable continues to drop to 1.2530 today as the dollar continues to strengthen over the session, but headlines here won’t really help the pound.