The dollar has strengthened against both the pound and the euro this morning following the Federal Reserve’s meeting yesterday. Fed Chair, Jerome Powell, gave the clearest indication yet that interest rates would be raised in March, which has caused the greenback to hit a one-month high against sterling.
The pound is still strong against the euro, however, finding support from expectations the Bank of England will hike interest rates again next week.
The relaxation of ‘Plan B’ rules has come into effect in England from today, meaning that face masks and Covid passes are no longer legally required. However, some establishments have said that they will continue to encourage customers to wear masks.
Downing Street is still awaiting the publication of Sue Gray’s report, after speculation that it would be released yesterday.
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