The pound is slightly stronger against the euro and the dollar this morning after weakening at the end of last week. The markets will be looking to GDP data for the UK, which is due to be released on Friday. This will reveal if the UK’s economic recovery is in line with the Bank of England’s forecasts.
Later today, the Prime Minister will set out plans for the next easing of restrictions, scheduled to take place on July 19. This could include face masks becoming optional and social distancing measures relaxed. A final decision, however, will be taken on July 12 after a review of the data.
In the US, the FOMC will release the minutes from its June meeting on Wednesday.
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