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Pound steady as talks of a stronger, fairer Britain post-brexit.

10th July 2017

Sterling lifted slightly against the euro to around 1.1310 as PM Theresa May promises a "stronger, fairer Britain" amid brexit talks. The exchange rate now seems to be waiting on updates from the Bank of England on the economy and interest rates. Higher rates will help strengthen the pound, so tomorrow's talks between two members of the rate-setting monetary policy committee, Andy Haldane and Ben Broadbent, will be closely watched by markets. Haldane hinted he could vote for an interest rate rise at the banks next meeting in August. Expect volatility in the pound this week as we also wait for employment data out on Wednesday.

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