The pound is stronger against the euro this morning after struggling last week. Against the dollar, sterling continues to weaken following last week’s inflation data and lowered consumer confidence.
Meanwhile, Tory leadership candidate Liz truss pledges to help homes and businesses with soaring energy prices “across the board”.
In eurozone news, the euro struggles to regain strength after last week’s decline against sterling and the dollar.
Market watchers will be keeping a close eye on eurozone manufacturing data this week as Germany’s S&P Global Manufacturing PMI Flash figures will be released. Figures are expected to shrink to 47.8, from 49.3 tomorrow.
In the US, the dollar continues to strengthen while markets predict economic growth will slow down.
In the US, former CFO of the Trump Organization, Allen Weisselberg pleaded guilty to all 15 counts in the ongoing criminal tax fraud case against Donald Trump’s family business. Weisselberg could face up to15 years in prison.
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