The pound is strong this morning after reaching its highest level against the dollar since April 2018. It also continues to trade at strong levels against the euro as the UK’s speedy vaccine programme, the Bank of England’s interest rate outlook and hopes of a swift economic recovery in the UK fuels sterling.
There will be speeches from central bank governors in the UK, US and the EU today. Andrew Bailey, Jerome Powell and Christine Lagarde are expected to comment on the economic outlook for their respective nations, taking recent economic data and the pace of vaccinations into account. Any comments have the potential to impact the pound, euro and dollar.
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