The pound is at fairly strong levels against the dollar and the euro ahead of Brexit negotiations, which resume next week. There were some positive comments from both sides of the table yesterday, which has perhaps supported sterling over the last 24 hours. However, there’s no knowing the direction the negotiations will take over the coming weeks.

MPs have warned that the UK must be alert to so called ‘hostile states’, such as Russia and China, using the pandemic to their advantage. The Commons Defence Committee has called for a “robust assessment” of the threat Moscow and Beijing pose to UK interests at home and abroad. Downing Street has promised its “integrated review” of foreign, defence, security and international development policy will be the most far-reaching since the Cold War.

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