Late-Sunday in the US, early Monday in Asia, Bloomberg came out with the news conveying that the Brexit negotiations from the European Union (EU) and the UK are close to overcoming the key hurdle, i.e. fisheries, after the eight months of deadlock.
The fishing quota for the bloc…
The report mentions the fishing limit for the region’s boats as a likely solution to the problem ahead of this week’s negotiations.
“The potential solution would allow Britain to claim it has won back control of its seas -- a key government demand -- and pave the way for the country’s fishing industry to catch more than it does currently,” said Bloomberg, “But, significantly, it could defer crucial decisions over the exact quotas EU boats are allocated until a later date -- meaning EU boats wouldn’t lose out immediately, and any disagreements over how the catch is divided up in the future wouldn’t necessarily torpedo the wider deal.”
On a different page, the BBC quotes France’s Europe Minister, Clement Beaune while citing “cautious optimism” while conveying the round-the-clock talks in Brussels over the weekend and important discussions during this week.
GBP/USD stays depressed on COVID-19 woes…
With the coronavirus (COVID-19) resurgence in the UK recalling the national lockdowns, GBP/USD remains pressured below the 1.3000 threshold while paying less praise to the Brexit headlines.
Also read: UK PM Boris Johnson announces new nationwide lockdown to curb coronavirus
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD regains traction, recovers above 1.0700
EUR/USD regained its traction and turned positive on the day above 1.0700 in the American session. The US Dollar struggles to preserve its strength after the data from the US showed that the economy grew at a softer pace than expected in Q1.
GBP/USD returns to 1.2500 area in volatile session
GBP/USD reversed its direction and recovered to 1.2500 after falling to the 1.2450 area earlier in the day. Although markets remain risk-averse, the US Dollar struggles to find demand following the disappointing GDP data.
Gold climbs above $2,340 following earlier drop
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.