The pound has weakened further against both the euro and the dollar this morning, however, leading economic strategists have suggested that sterling could be set to strengthen again as “the UK’s banking system is likely to add tailwind to the economic recovery over the balance of 2021”.
It is also thought that the resignation of Andy Haldane as the Bank of England’s Chief Economist should not affect sterling in the next few months, mainly because the Bank was not planning on tightening monetary policy in the near term.
Brexit tensions over Northern Ireland continue to be unresolved after a meeting between the UK Brexit minister and the EU Commission Vice-President did not reach an agreement.
Next week, unemployment data will be released, including the number of people claiming unemployment benefits.
