UK PM Johnson spokesman: PM will speak to president of European counsel

The headlines on Brexit continue

A UK Johnson spokesman is saying:

• PM Johnson will speak to president of European counsel to repeat Britain wants to work constructively and at pace on a deal: time is in short supply
• concerning that the coronavirus cases are rising, particularly in the Northeast, Northwest of England, will not hesitate to take further action
• Roche is working to resolve problem with supply chain urgently. Little to no impact on testing

Meanwhile more from UK Frost (which are more negative).

• We are some away from a deal.
• We are having a decent discussion about what is and is not possible.
• Difficult to agree the level of details the EU wants

Through it all, the GBPUSD remains below the 1.2880 level (home to the 200 hour moving average and 38.2% retracement of the move up from the September 23 low). Stay below is more bearish. The next target is at 1.28401 (the 50% retracement of the same move higher).