The currency markets continue to be driven by the crisis in Ukraine. News of a potential summit between President Biden and President Putin has caused the euro to strengthen against the pound this morning, however, Biden has only accepted the meeting “in principle”.
News from Eastern Europe could continue to impact currencies for the next week and beyond.
This week, there will be a series of economic data releases across the board, including PMI figures for the UK, Germany and the US, which will indicate how these economies have performed so far in February.
The Prime Minister is expected to update MPs later today on his ‘Living with Covid’ plan, which is set to remove all legal restrictions, including the requirement to self-isolate. There will also be questions around the need for at-home testing.
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