Sterling rose today as Britain's David Frost and the European Union's Michel Barnier meet to continue Brexit talks.
Significant issues remain between Britain and the EU Union about their post-Brexit trade relationship, British housing minister Robert Jenrick said today.
A more important meeting is set for tomorrow, when British Prime Minister Boris Johnson will meet with European Commission President Ursula von der Leyen to discuss the next steps.
The pound had a tumultuous day yesterday, rising and falling in direct response to Brexit-related news, as Britain and the EU neared the end of the last scheduled round of trade talks before the bloc's leaders assess progress on October 15-16.
The pound was last trading up 0.4% against the euro at 90.78 pence and up by 0.2% against the US dollar.
The UK is struggling with a coronavirus-induced economic recession, another headache in addition to Brexit.
The events industry warned Johnson today that more than 90,000 people in the exhibitions business would be made redundant in the coming weeks unless he offered more support to replace a government job-furlough scheme.
More British companies reported a fall in sales over the past three months than an upswing, despite the lifting of lockdown restrictions for most parts of the economy, the British Chambers of Commerce said this week.
