British Prime Minister Boris Johnson attends a virtual press conference inside 10 Downing Street in central London on November 26, 2020.
Jamie Loriman | AFP | Getty Images
European Commission President Ursula von der Leyen said the sterling broke the long-awaited $ 1.35 billion barrel on Wednesday morning after progress was made towards a post-Brexit trade deal between the UK and the European Union.
Addressing the European Parliament, von der Leyen said he could not say when the deal would happen, “now is the time to make a deal” and the next few days would be crucial.
“We’ve got a way forward on most of the issues but there are two issues left: level playing field and fishing,” von der Leyen said.
“I am pleased to report that issues related to the regime have now been largely resolved. The next few days will be crucial.”
However, a UK official told Reuters according to the report that both sides were “very far from key areas” and that despite some progress, the deal was “still not there.” CNBC could not independently verify the report.
Sterling is up 0.4% against the dollar following the criticism, breaking the 1. 1.35 barrier for the first time since May 2018. The euro also peaked at 1.22 for the first time since April 2018 against Greenback.
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