The pound is stronger against the euro this morning after struggling last week. Against the dollar, sterling continues to weaken following last week’s inflation data and lowered consumer confidence.
Today is a quiet day for data, however Tomorrow the S&P Global/CIPS Manufacturing PMI Flash AUG data will be released. Previous figures came in at 52.1 but markets are expecting those numbers to gently decline to 51.3 this month. Although Britain’s manufacturing sector shows expansion overall with readings still above 50, the latest predictions suggest growth is slowing down.
In politics, Tory leadership candidate Liz truss pledges to help homes and businesses with soaring energy prices “across the board”.
