After strengthening yesterday on news that Brexit negotiations between the UK and EU would be intensifying, the pound is slightly weaker this morning, perhaps on the realisation that several sticking points remain. Face-to-face talks will take place until Sunday, followed by negotiations in Brussels and London.
Purchasing Managers Index (PMI) data will be released for the UK, EU and US today. This is considered to be a key indicator of how economies are faring, so currencies could react to any better or worse-than-expected figures.
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Want to know what could affect the pound, euro and dollar in the coming months? Our Quarterly Forecast outlines upcoming events and includes predictions from major banks. Download here!
