The pound is weaker this morning after Governor of the Bank of England, Andrew Bailey, said that the Monetary Policy Committee have an open mind about cutting interest rates. The markets are now looking ahead to the Brexit press conference tomorrow, which will reveal how talks have progressed this week.
Positive retail sales data for Germany, released this morning, paints a positive picture of the economy despite rising infection rates. After a contentious Presidential debate, the dollar is in a stronger position.
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