The pound is trading around the same levels against the euro and is slightly stronger against the dollar this morning, after weakening yesterday due to a fall in the global markets.
In a speech yesterday, the Bank of England’s governor, Andrew Bailey, spoke about event to increase the diversity of the Bank’s contacts within the financial sector. He announced that the BoE will open a Northern hub and said, “as a public institution, we need to represent the diversity of the country in what we look like, who we talk to and the impact of our decisions.”
This morning, CBI industrial trends order figures for April will be released, which shows the level of factory orders from 500 companies across 38 sectors of the manufacturing industry. The figure is expected to be in positive territory due to the easing of COVID-19 restrictions.
