The pound is stronger against both the euro and the dollar this morning after Governor of the Bank of England, Andrew Bailey, indicated that interest rates wouldn’t be cut in the coming weeks. There was speculation that the rate would move into negative territory due to the suffering UK economy.
The euro is stronger against the dollar, unfazed by the prospect of an extended lockdown in Germany. Meanwhile, the dollar has weakened as US Treasury yields, which have supported the greenback in recent days, have fallen.
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