British Pound Outlook The British Pound has risen against the Euro, Dollar and other major currencies following a Bank of England deicsion to boost support for the lockdown-ravaged UK economy, but upside will likely be limited by news EU and UK negotiators have confirmed significant differences remained between the two sides. The Bank of England on Thursday announced it would boost quantitative easing by £150 billion, an amount significantly greater than the £100BN markets were anticipating, The expansion of its asset buying programme takes the total to £895 billion and interest rates were left unchanged at 0.10%. Both result came from an unanimous 9-0 votes on the Monetary Policy Committee. The bigger-than-expected boost to quantitative easing would typically be seen as a potentially Sterling-negative development, but that no mention was made of negative interest rates appear to have been met with relief. Despite gains made by the Pound following the Bank of England announcement, analysts warn gains might be limited. Indeed, the latest news out of Brussels and London suggests a post-Brexit trade deal is not yet assured, and the Pound should therefore remain on edge over coming days as a result. EU Chief Negotiator Michel Barnier ambassadors from EU member states on Wednesday on the latest developments in negotiations, saying “despite EU efforts to find solutions, very serious divergences remain in Level Playing Field, Governance & Fisheries. These are essential conditions for any economic partnership.” He added the European Union is prepared for all scenarios. UK Chief Negotiator David Frost on Wednesday briefed UK Prime Minister Boris Johnson on the status of talks. Media reports suggest the negotiating teams will now take stock before reconvening in London on Sunday. Talks are likely to continue for a further two weeks, with a summit of EU leaders on November 19 being widely tipped by commentators to present itself as the key moment where a Brexit breakthrough is achieved. However, Johnson would be expected at some point before then to lay the foundations for any breakthrough via discussions with EU Commission President Ursula von der Leyen and then with other EU leaders. Most notably, any discussions with France’s President Emmanuel Macron is likely to be instrumental. There are no days set aside for any such talks but past precedent suggests the week leading up to the November 19 summit will be a busy one and will likely be characterized by heightened volatility in Sterling.