The pound has been trading in a narrow range against both the euro and the dollar as the markets continue to focus on rhetoric surrounding the June 21 reopening. Recent reports suggest that it could be delayed by two weeks due to the prominence of the Delta variant.
News yesterday also revealed that the north-west of England will receive a “strengthened package of support” and tougher advice surrounding restrictions due to rising cases.
For both Europe and the US, investors will be looking closely at Thursday’s events.
The ECB will hold its latest monetary policy meeting tomorrow when President Christine Lagarde and other officials are expected to comment on the EU’s Pandemic Emergency Purchase Programme, as well as the state of Europe’s economy.
In the US, tomorrow’s inflation rate figures could reveal more about the Federal Reserve’s timeline for tapering monetary policy.
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