After a positive morning yesterday, the pound lost some ground against the dollar and the euro throughout the day. It’s thought that worries over the Indian variant of the COVID-19 virus and the potential for this to delay the UK’s planned reopening on June 21 are putting pressure on sterling.
For the first time since the start of the pandemic, no coronavirus related deaths were recorded yesterday. However, this has been caveated with the fact that figures are usually lower at the start of the week.
The euro is weaker against the dollar following some disappointing data from Germany this morning. President of the European Central Bank, Christine Lagarde, will speak later today following the release of the Eurozone’s latest inflation figures yesterday.
In the US, there will be a series of speeches from Federal Reserve officials later.
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