The pound seems to be ending the week on a positive note, hitting a three-week high against the euro yesterday. The lack of agreement in the eurozone over its response to the coronavirus crisis provided a boost for sterling, as did improved risk sentiment from rising oil prices.
European PMI data saw a further fall this morning, although it’s to be expected in the current climate. Later today, we will also see retail sales, which are expected to have held steady year-on-year.
In the US, we will see a raft of data, including non-farm payrolls, which are expected to show a steep drop, as are manufacturing payrolls.
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