The pound is up this morning, making gains against the euro as investors await today’s Eurogroup meeting. A further round of Brexit talks will take place today, and the markets will be watching closely for any hint of ‘convergence’ on key issues, which has so far been lacking. Yesterday’s retail price index release also provided some boost, unexpectedly showing growth has continued.
Today, we will see the CBI’s business optimism index figures for Q2 of 2020, expected to show a significant drop. Tomorrow’s consumer confidence is also expected to see a further drop.
