The pound is slightly weaker against the euro and the dollar this morning but remains largely range-bound, as concerns surrounding the June 21 reopening continue to weigh. All eyes will be on the government this coming Monday when the final decision on this will be announced.
UK-EU trade tensions are rising over issues surrounding the Northern Ireland protocol. A vice-president of the European Commission, Maros Sefcovic and the UK’s Brexit minister, Lord Frost, ended talks yesterday without a conclusion.
The European Central Bank will hold its press conference later today and the markets will be looking out for any changes to the Pandemic Emergency Purchase Programme (PEPP).
In the US, inflation rate data released this afternoon could pressure the Federal Reserve into taking action on monetary policy.
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