According to Jin10 data, ING analyst Chris Turner stated that the agreement to restart UK-EU relations after Brexit may provide moderate support for the pound this summer. This week, attention is on UK inflation data and changes in the services index.
Bank of England Chief Economist Pill opposes a 25 basis point rate cut this month and prefers to keep the interest rate unchanged, which may boost the pound. The UK-EU agreement announced on Monday covers security, energy, tourism, trade, and fisheries.