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10/30, 10:50 AM (Source: TeleTrader)
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German minister 'deeply concerned' about Brexit talks

German Deputy Finance Minister Jorg Kukies said on Friday that he is "deeply concerned" about the current progress of Brexit trade negotiations. However, he expressed confidence that "there will be pragmatism" in the relationship between the United Kingdom and the European Union going forward.

Kukies also noted that German companies "rely massively" on wholesale funding in the city of London. Meanwhile, the EU Commission said earlier this week that both sides are working "intensively" in order to reach a trade deal before the end of the transition period at the end of the year.

Breaking the News / DJ