The pound has continued to strengthen against the euro, despite fears that this week’s Brexit talks will see little progress – instead boosted by optimism over the reopening of ‘non-essential’ retail over the coming two weeks. Manufacturing PMI figures came in as expected yesterday, showing new orders and output fell steeply over the last month, but slightly less so than in April.
Nonetheless, the same survey also showed business confidence has reached a three-month high, with hopes of further reopening boosting the economy.
