Sterling is looking stronger today after promising data, which shows that retail sales have picked up moderately in July. Although the news is positive, it has been met with caution as financial pressures on businesses are ongoing.
The Federal Reserve will release news of their latest meeting today. Although no changes to monetary policy are expected, it’s thought that their guidance will change slightly, which could impact the dollar and other currencies.
Amid talks of the new quarantine restrictions placed of travellers to Spain, the Prime Minister has warned that we are starting to see a ‘second wave’ in some parts of Europe.
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