European markets are expected to open higher, following the positive sentiment from the Asian session.
FTSE is expected to open 20 points higher at 7064, German DAX 4 points higher at 10495 and French CAC flat at 4456, according to IG markets.
Everyone stays focused on the pound movements after the sharp drop in Friday. Most analyst and big banks expect new declines by the sterling, as sentiment is strongly negative and it is very likely that the movements for all GBP crosses to stay in direction south.
During the European session we expect data from Germany about the Trade balance at 09:00 and from the Eurozone - Sentix consumer confidence at 11:45. Today we also expect the Eurogroup meeting as the UK decision to leave EU will be discussed and we can expect more declines by all GBP pairs.
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