The pound ended last week up against the euro, after a key YouGov poll on Wednesday predicted a comfortable Conservative majority. The Labour Party has announced a change in its campaigning strategy, to focus on leave-voting areas, so there is still plenty of uncertainty over whether the lead gap will continue to narrow. Sterling is lower against the euro this morning but is sticking to tight ranges.
It was a mixed week for the eurozone for economic releases, with worries still persisting around the service sector. Today, we’ll see releases from the manufacturing sectors in the eurozone, France, Italy and Germany, and the markets will be watching closely for any hoped-for signs of improvement.
In the US, there are a number of key figures out this week, including non-farm payrolls, balance of trade figures and manufacturing PMI, as well as continued uncertainty around the US-China trade war.
As we come closer to the UK general election, there’s a lot of uncertainty swirling around, and it could have a significant impact on your budget. Make sure to protect your money by locking in your rate today with a forward contract, by speaking to your Personal Trader on 020 7898 0541.
