The pound has started the week steady against the euro and close to 1% stronger than last Monday. Against the US dollar there was a fair amount of movement over the week but following the Budget on Wednesday matters settled down. GBP/USD is looking a little weaker this morning, however.
Looking to the week ahead and the end of the financial year, it’s a relatively quiet week for data, for the UK anyway. What might be of more interest will be hearing how the world’s central bankers plan to get themselves out of the hole that they – arguably – have got us into with inflation. Having stoked the economy with cheap money to get out of the pandemic they must now rein that in without causing a recession.
This morning Andrew Bailey of the Bank of England will be speaking and on Wednesday it’s Christine Lagarde of the European Central Bank, with various other monetary policy committee rate setters throughout the week.
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