After weakening slightly on Friday due to disappointing GDP figures, the pound has strengthened this morning and is trading near three-month highs against the euro. This comes ahead of inflation rate data and employment figures, which will be released for the UK on Wednesday and Thursday.
This week, inflation rate figures will be released for the UK, EU and US. The markets will be watching closely and assessing whether this data will influence the actions of central banks and their approach to monetary policy.
Prime Minister Boris Johnson is due to confirm later whether restrictions will be eased on July 19. The decision to remove restrictions will be based on four tests, including evidence that vaccines are reducing hospital admissions and deaths. Johnson is expected to take part in a news conference this afternoon.
Make sure any upcoming transactions are protected against the risks of sudden market movements. Secure a fixed exchange rate now with a forward contract; call your Personal Trader on 020 7898 0541 to get started.
