After weakening on Thursday and Friday due to the Bank of England’s policy announcement, the pound is showing signs of recovery against the euro and the dollar this morning.
This comes ahead of a busy week for economic data releases in the UK, EU and US. There will also be speeches from several central bank officials throughout the week, including ECB President Christine Lagarde and BoE Governor Andrew Bailey on Tuesday and Thursday.
The new Health Secretary, Sajid Javid, will update MPs later on when COVID-19 restrictions will be lifted in England. The statement will take place at 15:30.
The Prime Minister has said previously that restrictions could be lifted on July 19, with a review to see if they can be eased two weeks earlier on July 5.
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.
