The pound is slightly stronger against the euro this morning as it continues to react to talk of the UK’s June 21 reopening.
The Prime Minister struck a cautiously optimistic tone yesterday, saying that there is nothing so far to suggest that the reopening can’t go ahead, but also acknowledging that more data is needed to make a decision.
President of the ECB, Christine Lagarde, said yesterday that the Bank will continue to support the Eurozone “well into” recovery.
In the US, Federal Reserve official Harker has suggested that it could be time to “think about” tapering their bond buying programme, despite Fed officials agreeing to leave the programme unchanged at their last meeting.
PMI data is due to be released across the board today, which will indicate how the UK, EU and US economies performed in May.
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