Sterling reached a near five month high against the dollar yesterday, due to dollar weakness. As Brexit talks haven’t shown any real developments yet, the pound continues to be driven by other currencies.
Brexit and the economy are still major factors in determining the pound’s movements, so any news this week could have an affect on sterling.
After the announcement that UK travellers should quarantine after visiting Spain, travel and airline stocks dropped yesterday. The FTSE 100 also edged lower. A government source revealed yesterday that talks for a quarantine exemption are underway for travellers visiting some Spanish islands, such as the Balearics.
Reports have also suggested that quarantine for travellers from high-risk countries could be cut to 10 days, if they test negative for the virus.
