The dollar is weaker this morning as sterling continues to rally.

Donald Trump has been acquitted of his second impeachment after the Senate failed to reach a majority. 57 senators voted to convict him, falling 10 short of the required 67 for conviction. Trump called the trial “the greatest witch hunt in history”.

It will be a quiet day for data releases in the US today as Wall Street closes for President’s Day. There will be a lot of data releases later his week, including PPI output, retail sales and initial jobless claims.

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