#forexgermany

Federal Reserve Chairman Jerome Powell is due to testify to Congress amid concerns over a possible resurgence of Covid-19. U.S. retail sales data will be watched for indications on the strength of the reopening rebound, with investors waiting to see if the recent bounce in value stocks can be sustained. Across the pond, the Bank of England is expected to further expand its stimulus program after a report showing that the economy contracted by more than 20% in April. And its set to be a busy week in the European Union with a fresh round of Brexit talks and a summit to discuss its pandemic recovery fund proposal. Here’s what you need to know to start your week.