The pound has strengthened against the euro and the dollar this morning but is still struggling to gain significant ground.
Sterling fell to a year-to-date low against the greenback yesterday following disappointing GDP figures.
As speculation grows over whether the UK will trigger Article 16 of the Northern Ireland protocol, markets are questioning the impacts on the pound. If Article 16 is triggered, the EU may retaliate with trade tariffs, something that could negatively affect sterling.
In their latest economic bulletin, the European Central Bank acknowledged that eurozone inflation is rising, but maintained that it is transitory. The euro is trading around yearly lows against the dollar.
In the US, the dollar is strong, but will today’s consumer sentiment cause new movement?
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