After weakening slightly yesterday, the pound is still at strong levels against the euro and the dollar this morning. The UK-EU vaccine dispute continues, with reports suggesting that the issue will be discussed between European leaders on Thursday.
Today, the UK marks one year since the first coronavirus lockdown was announced, with a minute’s silence being held at midday.
The ‘third wave’ of COVID-19 infections spreading through Europe is putting pressure on the euro. Prime Minister Boris Johnson has warned that it could “wash up on our shores”.
In the US, Federal Reserve Chair, Jerome Powell, will make his testimony in front of Congress today with Treasury Secretary, Janet Yellen. In his speech yesterday, Powell reiterated that despite a strong recovery in the US, support from the Fed was still needed.
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