The pound is slightly weaker this morning but remains above significant levels against the euro and the dollar. Governor of the Bank of England, Andrew Bailey, will speak again this week ahead of the next monetary policy meeting in February. PMI and retail sales data will be released on Friday, which will provide an insight into how the economy is coping with the effects of the pandemic.
The European Central Bank will reveal its latest decision on interest rates this week and are expected to keep the figure unchanged. In the US, there are worries over COVID-19 cases and possible violence at Biden’s inauguration on Wednesday.
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