Sterling begins this week stronger than last Monday after a choppy week against the dollar. Against the euro, sterling remains largely unchanged despite last week’s highs and lows.
This comes after Liz Truss’s resignation as prime minster last Thursday and Boris Johnson’s announcement to withdraw from the conservative leadership race last night.
It is a fairly moderate week for UK data releases. Some key data to watch out for will be CBI business optimism on Tuesday and annual car production on Thursday.
