The pound is slightly lower against the euro and dollar this morning as the new year kicks in, declining against the greenback for the first time in two weeks. This is thought to be due to sparse trading and ongoing fears of a hard Brexit. The dollar has also recovered after declining due to optimism surrounding the US-China trade war.
Sterling could react to Manufacturing PMI data, which is due to be released this morning. Tomorrow, we’ll see a series of data for the UK, including Construction PMI.
In his New Year message, Mr Johnson promised to complete the UK’s divorce from the European Union by the end of January, pledging to ‘waste no time’.
