According to Jin Ten data, Chris Turner, an analyst at ING, said 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.
The chief economist of the Bank of England, Pill, opposes a 25 basis point rate cut this month and tends to maintain the interest rate unchanged, which may boost the pound. The UK-EU agreement announced on Monday covers security, energy, tourism, trade, and fisheries.