Euro gained against the Great British Pound and the US Dollar today as German ZEW Economic Sentiment and European ZEW Economic Sentiment data were very positive, despite the prolongation of restrictions in Europe until mid-February.
Financial markets were on Monday parsing the news that U.K. and EU leaders agreed that they should go “the extra mile” to try to find a compromise on a trade deal, following a Sunday phone conversation.
The European Commission on Thursday proposed contingency measures if no trade deal between the U.K. and European Union is agreed, including a one-year reciprocal fisheries agreement. The measures also include a six-month extension of basic air connectivity and aviation safety, as well as a six-month extension for road connections. "Negotiations are still ongoing. However, given that the end of the transition is very near, there is no guarantee that if and when an agreement is found, it can enter into force on time," said European Commission President Ursula von der Leyen.