The pound and dollar are up against the euro this morning, as the latter drifts downward on concerns over further division within the Eurozone following this afternoon’s Eurogroup meeting. European leaders are set to discuss a further coronavirus rescue package, with Emmanuel Macron intending to raise the issue of ‘coronbonds’ again – which has so far proven divisive.
Brexit talks have also resumed via video, and it will be interesting to see if there are any hints of compromise from either side. The pound was given a boost yesterday by an unexpectedly positive retail price index, but we could see this reversed later today if the CBI’s business optimism figures come in below expectations.
In the US, the House of Representatives is set to sign a further aid package to help businesses. Later today, jobless claims will provide some further insight into how America is performing economically in this pandemic.
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