The Irish Minister for Public Expenditure and Reform, Michael McGrath, echoed Foreign Minister Simon Coveney’s optimism on a potential Brexit deal. Outlook for a Brexit deal a little brighter. The European Union (EU) and the UK can reach agreement on fisheries. In the last hour, Coveney said that the two sides could reach a trade deal now the talks were back on track. GBP/USD fails to benefit from the renewed Brexit optimism and broad US dollar declines, as it wipes out intraday gains to trade flat at 1.3080. Rising coronavirus cases and a worse-than-expected UK Markit Preliminary Services PMI seem to have hurt the pound bulls.
