The pound saw a brief uptick yesterday after Emmanuel Macron agreed to Angela Merkel’s suggestion to consider any alternative solutions to the Irish border backstop issue that are presented within the next thirty days.
The ECB’s meeting largely centred on concerns over a slowing European economy, with a stimulus package looking more and more likely.
In the US, the dollar is currently strong against the pound and euro, as analysts await Jerome Powell’s speech at Jackson Hole, expected to set the stage for rate policy.
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