The pound rallied against the euro and dollar, hitting the best week against the latter since 2009. Nonetheless, it remains vulnerable to further coronavirus developments and is slightly weaker this morning.
There are a number of key data releases from the UK and Europe this week, including manufacturing. Given the current climate, the markets will be pricing in a drop, but it remains to be seen if the drop exceeds expectations like services last week.
Fears of the US becoming a new epicentre of the coronavirus crisis are rising and stocks fell across the board on Friday.
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