The pound is strong against the euro ahead of a day of important releases, including inflation figures and the retail price index. Optimism over a shrinking possibility of a hung parliament is helping to keep the pound up against the euro, despite eurozone economic sentiment figures coming in much better than expected yesterday.
The markets will be watching closely for any policy hints from Jerome Powell’s testimony on inflation today, but, in the meantime, the dollar is up after President Trump stated that he would impose more tariffs on Chinese imports if an interim trade deal isn’t reached.
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