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The pound’s recent rally against the USD might be getting into a bit of trouble. Risk sentiment is waning over the last couple of days.
But, not to worry, tomorrow we have a host of economic data that could jolt the market.
Key among the data is the release of the monthly GDP figures. These will tell us finally exactly how bad the coronavirus pandemic has been for the UK economy.
As the COVID-19 situation continues to improve, the UK has been slower to reopen the economy than its continental peers. Just yesterday, it was announced that restaurants and pubs won’t open until July 4th.
However, the pandemic does seem to be receding. This means the other major issue to affect Britain has come back to the fore: Brexit.
There is No Progress Without Change
The thing about Brexit is that both sides continue to be immovable, so even though it’s getting more coverage again, there hasn’t been any change. This is just increasing the chances of a hard Brexit with each passin...
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