EUR/GBP climbs above 0.9100 on the session
The uneasiness surrounding the Brexit situation is continuing to weigh on the pound, as any positive news – if there will be any that is – is unlikely to come about in the next two days and possibly only after the weekend.

Bloomberg reports, citing officials with knowledge of the discussions
As such, that is leading to a no-deal scenario being the likely outcome but still, both sides are working to spend the coming days in search of a breakthrough.

Nasdaq futures turn flat while S&P 500 futures are up 0.2% now
After the pullback yesterday, the risk mood is seeing more calm in general so far today as investors are also still holding out hope for US stimulus to pull through.

The ECB will announce its „recalibration“ later today
I outlined what to expect later today but in summary, we are almost certainly going to see an expansion of PEPP stimulus by at least €500 billion and likely to June 2022 i.e. 12-month extension. Adding to that will be the enhancing of TLTRO terms.

Comments by Irish foreign minister, Simon Coveney
– But the fact there were no signs of compromise last night is a problem
– The gap is still very wide
– I do believe Boris Johnson wants a deal
More Brexit ramblings on the day. This doesn’t really add much to the current picture. The pound continues to keep weaker