The pound is still strong against both the euro and the dollar ahead of a series of key data releases this week. These figures will reveal more about how the UK economy has performed in April and May, since the easing of lockdown restrictions.
Restrictions in most of the UK will ease further today, with indoor socialising allowed for six people or two households and foreign holidays resuming. However, the Prime Minister has warned that this next step must be taken with “heavy caution”.
It’s also an important week for both the European Central Bank, which will release the findings of its Financial Stability Review, and the Federal Reserve. The markets will be listening to the Fed’s meeting minutes closely for any comments about tightening monetary policy.
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