The pound has continued to strengthen against the euro and dollar this morning, despite concerns that this Friday’s press briefing will show little progress from the fourth round of Brexit talks. Some suggest the markets are pinning more hopes on the proposed meeting between Boris Johnson and Ursula von der Leyen later this month.
Meanwhile, figures from Germany show unemployment has continued to rise. However, PMI figures show a slight easing in decline in Germany, France, Spain and Italy, raising hopes of the beginning of a recovery. The markets will be also be looking ahead to Eurozone-wide unemployment figures, released later this morning.
With unrest spreading in the US and growing concerns about the rising tensions between the Chinese and American governments, the dollar is still down against the pound and euro. Unemployment figures later today are expected to show the growth slowly becoming less steep, although far from normal levels.
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