Brexit fears are continuing to weigh on the pound, after Jeremy Hunt said Brexit would be ‘worth’ the risk to the economy. Today, he will outline his no-deal strategy, including cutting taxes and business rates.
The US and China have reached a ‘truce’ on their trade war, with Trump agreeing to hold back on more tariffs and Xi agreeing to buy more farm products. Nonetheless, the dollar did fall towards the end of last week as worries of an impending rate cut rose.
The ECB’s Yves Mersch said on Saturday that rate hikes in the eurozone will not be happening until at least halfway through 2020. There will be plenty to influence the euro this week, from political developments around Brexit to a raft of important economic releases.
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