The pound is mostly trading around the same levels against the euro and the dollar ahead of the government’s official announcement on the June 21 ‘Freedom Day’, which will take place later today. Although it is largely expected that the current restrictions will stay in place for now, any surprises could have an impact on the pound.
In the US, the dollar has strengthened ahead of the Federal Reserve’s FOMC meeting minutes, which will be released on Wednesday. Investors will be looking out for any hints of when the Fed will begin to taper its current monetary policy.
It’s a busy week for economic data across the board, with Eurozone industrial production data due later today and UK inflation figures on Wednesday.
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