As the original “Freedom Day” arrives, the pound is trading around the same levels against the euro as the end of last week but is strengthening slightly against the dollar.
Although nearly 60% of all adults in the UK have now had both vaccine doses, the delayed reopening and continued Brexit tensions weigh on sterling. Markets will be looking to Thursday’s Bank of England decision for any signals of where the pound might go next.
Last week was a particularly strong week for the dollar after hawkish Federal Reserve comments around rising interest rates gave the currency a boost. The euro is starting to gain back some ground against the dollar.
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