The pound is slightly weaker this morning after the Prime Minister announced yesterday that there would be another national lockdown in England. This has increased speculation that the Bank of England will cut interest rates at their next monetary policy meeting, which would bring rates into negative territory.
The Georgia ‘run-off’ elections begin in the US today, which will determine if the Senate is controlled by Democrats or Republicans. The outcome will also indicate how much legislative power Biden has when he takes office on January 20.
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