The pound strengthened yesterday and is still strong this morning, benefitting from a weak dollar and the decreasing possibility of leaving the EU without a deal.
The election bill was given royal assent yesterday, meaning that a general election will definitely take place on the 12th of December. The two main parties got their election campaigns underway yesterday, setting the tone for when the official campaigning period begins next week.
Jeremy Corbyn made a speech vowing to “transform” Britain and said that he would solve Brexit within six months if elected. Boris Johnson visited a hospital, school and police station, and also blamed Corbyn for the delay to Brexit.
US President Donald Trump weighed in on Brexit yesterday, saying that Johnson’s deal would make it difficult for the UK and the US to trade.
Manufacturing PMI will be released for the UK this morning, and is forecast to drop further into contraction territory at 48.1.
