Some positive news to start the week – the government has signed deals for 90 million doses of coronavirus vaccines that are being developed, which have, so far, shown positive results in clinical trials.
This new deal is on top of 100 million doses of the Oxford University vaccine being developed by AstraZeneca. It’s still uncertain as to whether either of the vaccines will work, but I’m sure you’ll agree that it’s nice to hear that progress is being made.
Despite this, the pound is still struggling this morning against the euro and the dollar as worries over the UK economy weigh on sterling.
Brexit talks also continue to show no real breakthroughs yet, although there is still talk of constructive and useful discussions. Negotiations will continue in London this week, where it’s hoped that a compromise will be found for sticking points such as fishing rights and the level playing field.
Although talks between the UK and EU are re-starting in London, all eyes are still on Brussels as EU leaders continue to discuss their coronavirus recovery plan. Progress is expected today as member states iron out the details of the huge rescue package.
It looks like the UK government are determined to leave the Brexit transition period in January 2021, which hopefully provides some certainty for any plans to move abroad. To ensure that your money is protected with a forward contract, do call your trader on 020 8108 5337.
