The pound strengthened against all major currencies last week, including the euro and dollar, and is still trading at strong levels this morning. Sterling reached a near 1-year high against the euro and was near a 3-year high against the dollar.
Sterling could be impacted, however, by the Prime Minister’s ‘roadmap’ announcement later today. The government is expected to reveal a cautious plan for reopening the economy and easing restrictions over the coming months.
Federal Reserve Chair, Jerome Powell, is due to testify in front of Congress this week and the markets will be listening for any changes to the Fed’s monetary policy.
European Central Bank President, Christine Lagarde, will speak later today.
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