The pound finished last week on a strong note. Positive data releases – and poor figures from the Eurozone – helped to keep sterling high. However, it is slightly weaker this morning ahead of both the UK and EU revealing their negotiating mandates this week. As we come closer to the beginning of UK-EU trade talks, we can expect to see plenty more uncertainty on the horizon.
There will be a number of key GDP releases this week, including for Germany and US, with fewer figures for the UK.
Poor purchasing managers’ figures from America led to the dollar ending last week on a lower note, however, it is stronger this morning as fresh coronavirus news has given it a boost.
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