Brexit negotiations continue to be a hot issue especially for pound sterling and euro traders. Today, a senior British minister has issued a statement that there is a possibility that trade negotiations will end without a trade agreement as both sides have not yet reached an agreement on fishing issues, administrative rules and trade issues after 31 December.
Only 30 days left before Britain officially leaves the European Union (EU). So far, both sides are still trying their best to sign a trade agreement in order to avoid incurring a total trade cost that will cost almost $ 1 trillion a year.
France has recently voiced the view that Britain should clarify its principles and called on the UK to make the most of this short time.
Michael Gove, a member of the British cabinet, said the two sides were close to reaching an agreement, but it was a two-way tolerance. At the same time, Gowe did not rule out the possibility of a 'no deal'.
The pound currency rose to 1.3336 by 0.11% as some market players were optimistic that the Brexit deal would be reached.
