The pound remains well supported against the euro this morning after a brief dip yesterday. It has also gained some ground against the dollar since yesterday.
The Russia-Ukraine conflict continues to drive the pound and other currencies. President Biden has said that the possibility of meeting with President Putin is no longer an option after Russian politicians authorised Putin to send troops into eastern Ukraine.
Sanctions from the US, UK, EU Japan and others were placed onto Russia yesterday. The German Chancellor also made a decision to suspend approval for the Nordstream 2 gas pipeline from Russia to Germany.
Bank of England official, Silvana Tenreyro, will speak later and the markets will be listening for any comments surrounding monetary policy.
