The pound is weaker against the euro and the dollar this morning as reports over the weekend suggest that the EU are hardening their demands for unaltered access to UK fishing waters following Brexit. The UK, however, are looking to take control of their waters, signalling that this may be a sticking point when negotiations begin in March.
Sterling finished Friday stronger against both the euro and the dollar. This seemed to be due to a range of factors, including euro weakness and only a short-lived boost from the dollar after non-farm payrolls.
On Thursday, Boris Johnson is expected to announce a cabinet reshuffle, which the markets will be keeping a close eye on. The Prime Minister plans in place a cabinet and ministerial team for the next five years. Prime Minister’s questions will take place on Wednesday.
Balance of Trade figures are due to be released tomorrow, as well as GDP growth rate. This will be followed by a series of other releases including industrial production, manufacturing production and construction orders.
