Sterling saw a small upward tick yesterday evening against the euro, as German economic data failed to meet expectations. This came despite greater concern over the state of cross-party talks – and performance in the upcoming European elections. It remains to be seen how long sterling’s rise will last as pressure grows on Theresa May. That said, the 1922 Committee has rejected bringing forward the date when a new leadership challenge can be issued, meaning that she will not face one until at least December.
Today, we’ll see business optimism come in, expected to come closer to positive figures, from -23 to -12. Most attention, however, will be on if any progress is made on talks, or if any further news emerges on the rumours that the Prime Minister is looking to hold a further vote in around eight days’ time.
