The pound is looking strong against the euro and the dollar this morning. It awaits the release of Finance Mortgage Approvals today, which are expected to increase slightly month-on-month.
This week is very light on data, with Manufacturing PMI released on Thursday and Construction PMI on Friday, as well as Bank of England Consumer Credit, Mortgage Lending and Mortgage Approvals.
At the end of last week, President of the European Commission, Ursula von der Leyen, expressed concern about the deadline for the Brexit transition period, saying that she was “very worried” about how little time is available. She said it would be reasonable to re-evaluate the situation in the middle of next year to decide if an extension will be needed.
