The pound weakened against both the euro and the dollar yesterday as concerns grew about rising coronavirus cases in the UK. Chief Medical Officer, Professor Chris Whitty, addressed the nation in a press conference yesterday, and said that the UK could see 50,000 cases a day by next month if the appropriate measures aren’t taken. This has fuelled speculation that nationwide restrictions could be announced later today.
The Prime Minister will chair an emergency meeting in the House of Commons this morning, which will be followed by a press conference. He is due to address the nation at 8pm this evening and it is widely expected that more restrictions will be announced.
Industrial trends figures are due to be released later this morning, which will provide an insight into how the UK’s manufacturing industry is faring. Tomorrow, we’ll see a series of PMI data for manufacturing and services industries.
