The pound was strong yesterday afternoon as optimism rose over the reopening of non-essential businesses from next week. However, it is slightly weaker this morning. Although Brexit talks have reached a stalemate, this seems to have been priced in by the markets, and proposals of a summit in autumn are perhaps allaying fears that they would completely stop in summer.
Today, we will see GDP growth figures from the eurozone, which are expected to show a decline both quarter-on-quarter and year-on-year.
In the US, the markets are looking forward to tomorrow’s interest rate decision. Later today we will also see business optimism data.
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