020 7898 0500The pound enjoyed a strong start to the week yesterday as it rallied against the dollar and made some healthy gains against the euro too. The move came following news that the Uk and EU have moved a step closer to a Brexit withdrawal agreement. It is worth pointing out that there is still the thorny issue surrounding the Irish border, but the news was still welcomed by the City.
Today’s main release is the inflation rate which is expected to drop to 2.8% from 3%. If this proves to be the case it will be welcome news for the British public which has suffered as a result of inflation continually outpacing wage growth. While wages will likely not have increased by that much, the gap could narrow which would alleviate some of the recent burden on UK consumers.
