Sterling is still in a weaker position against the pound and the dollar this morning due to uncertainty over vaccine supplies and the safety of the AstraZeneca vaccine. News yesterday revealed that the under 30s will be offered an alternative vaccine, however, the government insists that this will not disrupt its goal to administer first doses to all adults by July 31st.
The European Central Bank will release the minutes from its latest meeting today. Investors will be watching closely for any comments surrounding economic recovery in Europe amidst the ‘third wave’.
The US dollar weakened after the Federal Reserve’s meeting minutes yesterday. Officials said they will continue to take a cautious approach to monetary policy until economic recovery is more secure.
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