The pound started the week on the rise, following near 4% falls last week as the eighth round of Brexit negotiations came to a close with a deal apparently further away than ever.
The introduction of the ‘Internal Market Bill’ sparked controversy and the EU has given the UK until the end of the month to scrap the bill before taking legal action. However, the government has insisted that it will proceed. The next official round of talks will begin on 28 September.
On a more positive note, the UK secured a free trade agreement with Japan at the end of last week, with International Trade Secretary Liz Truss saying that it will bring “new wins” for UK businesses.
UK GDP increased by 6.6% month-on-month, according to data released at the end of last week. This week, average earnings and inflation rate figures will be released. The Bank of England will also announce their latest decision on interest rates.
