After gaining +0.7% across the past two sessions, the Pound Euro (GBP/EUR) exchange rate is holding steady on Thursday. The pair trades flat at €1.1162.
Sterling is unfazed by the lack of progress in Brexit, even as an EU envoy drops Brexit talks from its agenda. A deal must be agreed by the end of October in order for it to securely complete the EU ratification process.
Attention will now turn to Jackson Hole. The BoE Governor Andrew Bailey and the ECB’s Chief Economist Philip Lane are due to speak tomorrow.
Coronavirus cases in France are spiking higher, raising fears of a second wave.
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