Sterling is at strong levels against the euro and is flat against the dollar today, after weakening against the greenback at the end of last week. This morning, Governor of the Bank of England, Andrew Bailey, is due to speak about the economic outlook for the UK. Any positive or negative rhetoric could have an impact on the pound.
In the US, a version of Biden’s huge $1.9 trillion stimulus bill was passed through the Senate on Saturday. Democrats pushed it through on a party-line vote after Republicans tried and failed to make amendments.
The European Central Bank will hold their latest policy meeting this week. It is expected to focus on the recent rise in bond yields and the Bank’s inflation projections, and the euro could take its cues from any comments made by ECB President Christine Lagarde.
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