The pound has started this week weak against the euro and dollar, as a no-deal seems more and more likely. There could be some positive figures this week, however, as retail sales as expected to show a growth. That said, it will likely be overshadowed by politics as we come ever closer to the Conservative Party leadership selection at the beginning of next week.
Euro is continuing its almost-continuous ten-week rise against the pound, despite some poor economic showings on the data front. Meanwhile, in the US, the markets will be looking for hints of a rate rise from Jerome Powell’s speeches this week.
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