The pound is weaker this morning following disappointing comments from the Bank of England. The Bank lifted its inflation forecast but voted to keep its stimulus programme and interest rates as they are.
The UK government updated its ‘green list’ yesterday, adding a number of countries including Spain’s Balearic Islands. However, much of the travel industry have criticised the update arguing that more countries should have been added.
The euro has benefitted from the weaker pound as well as strong economic data from Germany. Consumer confidence in Germany rose to its highest reading since August 2020.
Data in the US, on the other hand, was less impressive with initial jobless claims and durable goods orders missing market expectations.
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