After a high-level video conference yesterday, both the EU and UK are expected to ‘intensify’ Brexit talks in July, with the hopes of reaching a trade agreement as soon as possible. The rhetoric was mostly positive from both sides of the table and the pound is stronger this morning as a result.
Yesterday evening, the Federal Reserve announced that they will introduce additional stimulus measures to support the US economy. Fed Chair Jerome Powell is due to testify in front of congress later today.
A series of data will be released today, including economic sentiment figures for Germany and retail sales for the US.
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