The pound is holding firm this morning against most major currencies, despite the continued Brexit limbo. Brexit talks between the government and the Labour party are set to continue this week, however it is uncertain as to whether we’ll see any developments. Tomorrow, the Labour party are expected to decide on whether to commit to a second referendum in its manifesto for the European elections.
Yesterday, Conservative Party Chairman Brandon Lewis refused to disclose when the Tories’ European election campaign will be released, stating that his priority is to avoid the elections altogether. With only a few weeks to go before the 23rd of May, he said that there is “still time” for Parliament to approve the withdrawal deal.
Coming up this week, we have Consumer Confidence for April, as well as an interest rate decision from the Bank of England. Local elections will take place on Thursday.
