The pound is slightly weaker against the euro and the dollar due to a lack of economic data and other positive drivers.
As the vaccine programme in Europe accelerates and lockdown restrictions ease, it could be said that the UK’s successful vaccine rollout is now not a unique differentiator for sterling. However, the pound continues to be underpinned by this and the UK’s reopening.
The euro is still strong against the dollar after reaching a 3-month high earlier this week. Meanwhile, the greenback continues to suffer due to the Federal Reserve’s ‘dovish’ stance and an increased risk appetite among global investors.
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