The Pound continues to lose ground to both the Dollar and the Euro during early Tuesday trading. The British Prime Minister will meet the President of the European Commission later in the day with the two leaders trying to find common ground after their negotiating teams apparently find themselves at a deadlock and unable to agree on some core issues. The future relationship between the two parties now rests in the politicians’ hands, with most investors still expecting a deal to be reached. However, such hopes will start to dissipate if there is no progress after today’s encounter. The last few days brought moderate losses for the Pound, as investors gently started to price-in the increasing likelihood of no-deal, but should the impasse persist after today’s meeting between Ursula von der Leyen and Boris Johnson, more intense selling pressure will start to build around the British currency.
