Concerns over the UK’s future relationship with the EU are continuing to weigh on the pound, especially with just twelve months until the Brexit transition period is up. Fears that a trade deal would be impossible to achieve in this time are putting pressure on the pound, despite positive data on Friday as house price growth showed an increase year on year.
Today, we will see UK services PMI, which is expected to show a small decline on previous figures. Later in the week, Halifax house price index figures will be released, but it will be relatively quiet on the data front otherwise. Much movement is likely to come from political actions.
