All eyes are on Brussels today as EU leaders continue to discuss a united approach to helping those countries most stricken by the pandemic.
In the UK, the FCA is starting an investigation into insurance companies who are refusing to pay out on some 370,000 potential business interruption claims, even those which cover for infectious diseases.
UK-Sino relations will continue to dominate political and economic news, as the UK faces up to years of delay and billions of pounds extra cost following the banning of Huawei from the UK’s 5G system.
As anyone home educating during the past four months can tell you, the video-sharing app TikTok is huge among the nation’s children. Now, the Chinese company’s plans to open a 3,000-employee base in the UK is under threat.
There is little top-level data this week, but GBP/EUR volatility will surround the EU meeting on the Common Recovery Plan early this week and GfK Consumer Confidence readings towards the end of the week. In the US, the effects of and response to the second Covid wave is likely to dominate.
Friday sees retail sales data for June, which will be crucial, as more of the British high street’s famous names are expected to announce job cuts this week, including Marks & Spencer.
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