020 7898 0500Yesterday, the new foreign secretary Jeremy Hunt visited Berlin on his first overseas trip since replacing Boris Johnson. He told his German counterpart, Heiko Maas, that there could well be unintended geopolitical consequences of a no deal Brexit. With a little over eight months to go before the UK is set to leave the European Union, it remains to be seen whether an agreement can be reached between the two sides.
Sterling moved sideways against the US dollar yesterday. Given the recent volatility against the dollar, it will be interesting to see when the next big moves come and, when it does, in which direction it will be. The pound is currently worth almost 18 cents less against the dollar than it was on the day of the EU referendum and the question is whether the pound can retrace the lost ground in the coming months.
Today we have the CBI industrial trends orders for July. In June, it hit 13 – its highest mark since January, although the markets are expecting it to dip to 9 this month.
