The pound is still struggling against the euro and the dollar this morning after the UK government faced harsh criticism from the Prime Minister’s former advisor Dominic Cummings over its handling of the pandemic.
Eurozone economic recovery appears to be underway as both French business confidence and German consumer confidence rose in May. However, the euro does not seem to be benefiting from falling Covid-19 cases.
In the US, markets are watching out for several key data releases today including initial jobless claims and GDP.
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