The pound weakened yesterday ahead of expectations for more Brexit news today. Chief negotiator for the EU, Michel Barnier, is expected to brief all 27 member states on the progress of Brexit negotiations this morning. It is still uncertain whether a deal will be signed next week.
In the US, some surprising economic data caused the dollar to strengthen yesterday. Positive vaccine news offset by rising COVID-19 cases continue to be the main drivers for the greenback.
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