The pound is still looking strong this morning against both the euro and the dollar, ahead of Brexit negotiations starting in Brussels today. However, sterling could be vulnerable to any Brexit news and reports of how the official talks are progressing. It’s thought that the press briefing on Thursday could be a key event for the pound this week.
Yesteday, Michael Gove met the European Commission’s Vice President, Maros Sefcovic, ahead of the official talks. Speaking after his meeting, Sefcovic said there was a “window of opportunity” to come to an agreement on the Northern Ireland protocol, but added that was “rapidly closing”.
Mortgage figures for August will be released this morning and are expected to show that there has been an increase in mortgage approvals and borrowing. Tomorrow morning, we’ll see GDP figures for the second quarter of this year.
