The pound has weakened against the euro and the dollar this week due to worries over a possible vaccine export ban from the EU. Today, the European Commission will ask for approval from EU leaders on the export restrictions. Any decision could spell volatility for the pound.
Despite this, the UK and EU released a joined statement yesterday saying that they want to “create a win-win situation and expand vaccine supply for all”.
The dollar continues to benefit from its safe-haven status ahead of jobless claims and GDP data, which will be released later today.
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