Bank of England official, Silvia Tenreyro, said yesterday that the UK needs more monetary stimulus and explained that negative interest rates could help the economy. An interest rate cut could weaken the pound if this is introduced at the Bank’s next monetary policy meeting. However, sterling is slightly stronger against the euro and dollar this morning.
In Europe, disruption in Italian politics could come to a head this week. In the US, the dollar has taken a breather after a strong start to the week and the Democrats have started their push to oust President Trump.
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