The pound is still weaker against the euro this morning. It’s thought that news surrounding the UK’s vaccine progress could now be priced into the markets. However, in Europe, signs that their vaccine rollout is improving is giving the euro a boost.
Erring on the side of caution, President of the European Central Bank, Christine Lagarde, said yesterday that support from the Bank will still be needed well into economic recovery from the pandemic.
Retail sales data will be released for the US later today, expected to show an improvement month-on-month in March.
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