Sterling has started this morning drifting against the euro, following reports at the weekend that business confidence is at an all-time low. The reading, from a survey of CFOs by Deloitte, showed 90% of respondents saw a high level of uncertainty facing their business. Meanwhile, the markets are also awaiting this Thursday’s Bank of England meeting, with opinions divided on whether further quantitative easing will be introduced.
The NHS Nightingale hospital has been placed on standby, a positive sign of how the country has coped so far with the crisis. Today, services PMI data is expected to shrink further.
