The pound is weak against the euro and stronger against the dollar this morning, as it moves in tandem with the markets.
Sterling is also supported due to fresh optimism over Brexit talks, which are due to resume in London this week. Despite ending last week on a low due to worries over talks finishing early, there have been reports that a ‘landing zone’ is in sight, providing the pound with a boost.
Sticking points remain between the two sides, however, there has been talks that both sides are heading towards a ‘stripped back’ deal.
We’ll see Construction PMI data later today and Labour Productivity figures tomorrow. On Wednesday, Chancellor Rishi Sunak will reveal details on how government spending will help the economy recover from the coronavirus crisis.
