EUR: Brexit transition period to end no later than 31 December 2020

The euro enjoyed another day of strength yesterday, as it made gains against the dollar and sterling. There were no major economic releases from the eurozone, but this did not stop the recent run. It was the third day of gains against the greenback and these movements have come despite the news that Trump’s tax reforms are almost certainly going to be written into law before the year is out.

Meanwhile, Michel Barnier said that the European commission wants the Brexit transition period to end no later than 31 December 2020.

It is another relatively quiet day for the eurozone, as we wind down for Christmas. However, we will see the consumer confidence flash reading for December. The figure is expected to push from 0.1 in November to 0.2.