After a strong start to the week, the pound weakened slightly against the euro yesterday due to a drop in stocks. However, it has recovered this morning after an uplift in the equity market. As we’ve seen in recent months, the pound tends to move in-sync with the wider markets. Sterling is particularly strong against the dollar, reaching a three month high.
Since the UK and EU have agreed to continue with trade negotiations after reaching a stalemate, the pound has been stronger this week. However, sterling is not immune to fluctuations.
The Business Secretary, Alok Sharma, has confirmed that all non-essential businesses can open from Monday as long as they follow safety guidelines.
