After strengthening yesterday morning, the pound slipped against the euro and the dollar as traders returned to their desks after the Easter weekend. However, with the economy still on course to reopen as planned and vaccines continuing to be administered, sterling could continue to be well-supported.
Europe continues to battle with the ‘third wave’ of coronavirus cases. However, there are hopes that the vaccine rollout can soon speed up due to an increase in supplies. PMI figures released for Germany and the Eurozone this morning show that the services and manufacturing sectors performed better-than-expected in March.
In the US, the markets await the release of FOMC meeting minutes later, which will reveal the Federal Reserve’s latest thoughts on monetary policy.
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