Over the course of yesterday the pound strengthened against the euro by just over 0.5% as the economy picture for the eurozone appeared to grow worse. That has continued this morning.
No doubt where the pound is going against USD however, to a new post-Covid low.
With no major data releases today it was bad news from the continent that led the pound. However, there was a report from Citi that inflation could hit 18.6% next year.
Shortly we will hear flash readings for PMI from S&P Global, but the next release of note is car production for July on Thursday.
