RationalFX: Sterling remains under pressure after Boris Johnson laid out his roadmap for re-opening society, with August being most likely when the majority of the economy reopens…
While the cautious approach is to make sure the UK eventually wins the battle against covid-19, UK businesses will be pushed to their limits during months of grim economy.
Compared to the UK’s European counterparts, particularly France and Germany, the UK’s road to recovery looks to be a lot slower and drawn out. UK and EU trade talks are also set to continue this week with the key topics being market divergence and fishing rights.
Source : ETFWorld.co.uk