The pound is still weaker against the euro and trading around the same levels against the dollar this morning, in need of some fresh stimulus during a light week for economic data and Bank of England activity.
However, Brexit tensions could be on the rise again following reports that new rules for moving goods from Northern Ireland to the rest of the UK, which were due to be implemented at the end of this year, have been delayed.
Meanwhile, the euro is still stronger against the dollar due to high Eurozone inflation, which has prompted further ‘hawkish’ comments from European Central Bank officials.
In the US, a disappointing private payrolls report has fuelled worries over tomorrow’s all-important Non-Farm Payrolls, which are considered a key indication of how the US economy is performing.
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