The pound is still around two-year lows, having hit its lowest level since April 2017 yesterday. Worries of a no-deal Brexit becoming more likely – and not assuaged by the BBC’s leadership debate – and poor retail data are keeping the pound low.
Better-than-expected industrial figures from France provided a boost to the euro, while the markets look forward to the outcome of the ECB monetary policy meeting tomorrow.
The markets are also awaiting FOMC meeting minutes from the US, and a series of speeches from Jerome Powell, to see if there are hints of a rate cut at the end of the month.
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