The pound is strong this morning as Prime Minister Boris Johnson reiterated his promise to “get Brexit done” during the launch of the Conservative Party manifesto at the weekend.
Poor economic releases from the UK put downward pressure on sterling at the end of last week, in a reminder of the unpredictability of the markets. The first-ever flash reading for services PMI showed an unexpected decline.
Christine Lagarde made her first major speech as President of the ECB, but failed to provide the hints of future policy direction the markets had hoped for, instead focusing on the ‘persistent’ risks the eurozone is currently facing.
The dollar had a positive end to the week, boosted by strong service and manufacturing figures, and welcomes some positive developments in the US-China trade war over the weekend.
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