The pound reached a fresh 3-year high against the dollar this morning and is strong against the euro. However, over the coming days and weeks, the markets will be watching closely for any news surrounding the planned reopening on June 21.
Health experts have warned of a potential third wave as cases continue to rise slowly. Some scientists have called for the easing of restrictions to be delayed, as the final stage of reopening would remove all limits on how many people we can meet both indoors and outdoors. The government are due to make a decision on this on June 14.
It’s a busy week for data in both the US and the EU, with inflation rate figures for the Eurozone today and Non-Farm Payrolls for the US on Friday. Non-Farm Payrolls will be watched closely amid the Federal Reserve’s ‘dovish’ monetary policy stance.
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