European Union Brexit negotiator Michel Barnier on Monday commented on the Brexit trade agreement, saying that the trade agreement still has a chance to succeed before December 31 and that negotiations in the next few days are very important.
One of the senior EU diplomats who attended a closed-door briefing in Brussels was also present to comment by saying that the talks could still run smoothly. However, it all depends on the extent to which the negotiators are able to bridge the gap that still exists.
Now it is about 2 weeks before the deadline for the UK's full withdrawal from the European Union and both parties should reach a decision to be brought into parliament for debate.
As of last Sunday, there has been no word on the matter but there are reports that both sides are working harder to break the deadlock of access to UK fishing waters for EU tugs and fair rules.
In 2016, British citizens chose to leave Britain to leave the EU trade bloc. Although the gap has narrowed after seven months of talks, it is still unclear whether Britain and the EU will be able to reach an agreement, with less than three weeks remaining.
The pound sterling is expected to rise higher at 1.46% to the price level of 1.3415 against the USD driven by market players' optimism.
