Brexit: Sunday is the 10th time meeting with the impression that this is the last moment – senior EU official 0 (0)

Reuters with the headlines, citing a senior EU official on the matter
– Latest developments in talks not very optimistic
– Differences remain very, very big
– Only certainty is that the UK leaves after 31 December
I’m surprised that they kept count because I’ve certainly lost track on the number of times the can has been kicked down

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European stocks near one-month lows as the drop today extends further 0 (0)

It is starting to get a bit ugly
For the DAX, the recent rally seems to have met a pause as it encounters resistance from the 3 September high. There is now some support from the 13 November low at 13,004 but the 100-day moving average (red line) will be the key level to watch @

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London mayor says that urgent action needed to avoid Tier 3 lockdown 0 (0)

London reported 4,144 new virus cases today
That compares with the 2,550 new cases reported in the day before, with 34 deaths also reported in London hospitals. A Tier 3 lockdown for London will be a blow to the UK economy and add misery to the pound should Brexit prospects stay more bleak.

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Heads up: ECB policy decision due later at 1245 GMT 0 (0)

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.

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Ireland’s Coveney: Politics has the capacity to find a way forward to a deal 0 (0)

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

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