The pound reached a four-week high against the euro towards the end of last week, with the latter weakening as European finance ministers failed to find common ground in their discussions on coronavirus rescue package options. Sterling remains stronger against the euro and dollar this morning.
News that Boris Johnson’s health is improving and his departure from ICU is also thought to have helped the pound, and sterling has benefitted from positive global market movements.
This week is light on data, apart from important inflation figures; the markets will likely otherwise be driven by political news and further developments in the coronavirus crisis.
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