The pound has started this week up against the euro and dollar, with some optimism for the next two weeks as businesses begin to reopen. Nonetheless, with the deadline for a Brexit extension fast approaching, we can expect plenty of uncertainty to come.
The European Commission’s proposed bailout package had helped strengthen the euro against the pound on Friday, although concerns remain about getting every country to agree; Denmark, the Netherlands, Austria and Sweden are said not to be in favour.
In the US, an announcement from Donald Trump that he would terminate the country’s relationship with the WHO and a speech in which he attacked China for ‘raiding’ American factories and industry have seen the dollar weaken against the pound and euro, with investors wary of rising global tensions.
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