The pound finished last week on a strong note, reaching a 2-month high against the euro and rising against the dollar, but has lost some of that strength this morning. This comes as markets react to the government’s latest comments of being “absolutely open” to delaying the June 21 reopening.
Markets are likely to continue to monitor the government rhetoric surrounding the June 21 reopening, as well as a series of economic data for the UK, including GDP figures on Friday.
The European Central Bank is due to hold its latest monetary policy meeting this Thursday. Any changes to growth forecasts or update to monetary policy could have an impact on the euro.
After a disappointing US jobs report at the end of last week, the dollar was weak against both the euro and the pound but has since gained back some strength. This week, Thursday’s inflation figures could have a bearing on the greenback’s movements.
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