With little movement between the pound and its major currency partners this morning, all eyes are now on today’s US non-farm payrolls report for August.
The dollar is currently on the backfoot against the pound and the euro, but if more US jobs have been created than expected, this could give the greenback fresh strength and push sterling and the euro lower.
Other factors still affecting the pound’s strength include rising Covid cases and continued supply chain problems. Andrew Opie, director of Food and Sustainability at the British Retail Consortium, said that “it is not too late for the government to do something to make sure there isn’t a problem over Christmas”.
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