The pound is still under pressure against the dollar and around the same levels against the euro this morning, ahead of GDP figures for the UK tomorrow. The UK economy is expected to have grown by 3.9% in the three months to May, however, the markets will be keeping a close eye on the data and looking out for any surprises.
The European Central Bank is due to release the findings of its strategic review today, in which it is expected to announce a change to its inflation target. This will then be followed by a speech from President Christine Lagarde tomorrow.
In the US, the Federal Reserve’s meeting minutes confirmed that officials hinted at hiking interest rates earlier than previously expected, which has supported the dollar.
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