The euro is up against the pound this morning following comments from multiple MPs that Theresa May’s deal is unlikely to pass through Parliament in June. Euro also strengthened against the dollar as the US indicated that it would likely hold off car tariff hikes for up to six months.
Yesterday was a mixed bag, with some poor economic performance from Tuesday being superseded by better-than-expected GDP growth figures. The week is continuing to look volatile, as much of the movement is likely to come from non-economic factors, especially as the pressure mounts on the UK’s cross-party Brexit talks to produce some form of result.
