It’s been nip and tuck almost all day for the Euro and Sterling in the race for first place (once the Kiwi fell away) among ‘equals’ with the former looking to pip the latter in late EU trade amidst reports of sell orders for the 4 pm/16.00GMT London fix in Cable that nudged the pair back under 1.3500 from circa 1.3550 at one stage when the aforementioned Brexit pact hype was peaking. On that note, following another stack of headlines, twitter blast and umpteen updates on the state of play, UK PM Johnson and European Commission President von der Leyen both appear more hopeful about prospects of reaching an agreement in keeping with the general feeling emanating from latest talks. Returning to the Euro, 1.2200+ status has not been sustained after preliminary Eurozone PMIs topped estimates, but the surveys pre-dated recent pandemic developments that bode badly for the final and future findings, though Eur/Gbp has rebounded through 0.9000.
