Today we'll see the state opening of Parliament with the Queen's speech. The speech will set out legislative plans for the coming year. Any surprising political developments could have an impact on the Pound exchange rate movement, but otherwise the pound is unlikely to see a big shift in direction. EUR GBP will be driven by the Pound for most of the week. Later in the week key Eurozone stats such as consumer confidence data could influence Euro demand and affect the Euro Pound exchange rate.
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