The pound is still suffering against the euro and is trading around a two-year low against the dollar following the Bank of England’s cautious interest rate decision last week.
This morning, Russian President Vladimir Putin has addressed the people of Russia in a highly anticipated speech at the annual military parade marking victory over the Nazis in World War Two.
Addressing the current invasion of Ukraine, Putin told the Russian soldiers that they are now fighting for the security of Russia. He added that Russia’s “special military operation” – what he continues to call the invasion – was a necessary and “timely” measure and that Nato was an obvious threat.
The UK has expanded its sanctions against Russia to now include import tariffs on precious metals and export bans on certain UK products.
In the data world this week, inflation figures for Germany – the eurozone’s largest economy – and the US will be released. There will also be a series of speeches from central bank officials.
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