Analyst Reactions and Updated Views on British Pound Outlook vs. Euro and Dollar

The Pound extended earlier gains Friday after the latest round of Brexit negotiations appeared to augur a slow but steady march by Prime Minister Theresa May’s team toward the “sufficient progress” hurdle set by European negotiators.
Striking a confident pose, negotiator Michel Barnier said, in response to a reporter’s question, the UK will need to overcome Brussel’s sufficient progress hurdle within two weeks if talks are to move to the subjects of trade and transition by December.
The statement came closely on the heels of Prime Minister Theresa May’s representative, David Davis, having told the press conference he is hopeful that “sufficient progress will be made” over the coming weeks.
While hard details of any progress were notably absent from the summary given at the press conference, both Davis and Barnier spoke of having broken ground on some of the key subjects as well as technical matters.
The “divorce bill”, Northern Irish border and enforcement of European Union citizens rights in the UK are all areas in which Brussels negotiators have set out demands they say must be met before discussions over a future relationship can begin.
The Pound was quoted 0.34% higher against the Euro following the press conference, marking an extension of the morning's gains and making for a Pound-to-Euro rate of 1.1319.
The Pound-to-Dollar rate was marked 0.31% higher at 1.3181, after having sat on a 0.07% gain for much of the morning

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