The pound ended last week up against the euro, after a second emergency rate cut by the Bank of England down to historic lows. It was also helped by increasingly concerning data from the Eurozone, showing the largest drop in German business confidence on record. When data is released from locked-down Italy, France and Spain, it is not expected to be positive.
Sterling is still attempting to rebound against the dollar and the euro this morning, after the government announced more fiscal support measures on Friday.
This week, we will see a raft of data from the US and UK, as well as business and consumer confidence data from the Eurozone.
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