The pound is still strong against the euro and the dollar this morning as vaccine positivity and hopes of a Brexit deal keep it buoyant. Later today, Chancellor Rishi Sunak will announce the government’s spending plans for the coming year and will also assess the economic damage inflicted by the coronavirus pandemic.
The dollar is weak after President Trump made way for the Biden administration this week, fuelling hopes of a stimulus package for the US economy and progress towards a vaccine.
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