The pound has weakened slightly against the euro and has hit a three-month low against the dollar this morning due to worries over rising COVID-19 cases. This comes on ‘Freedom Day’, with most restrictions lifted in England from today.
Nightclubs can now reopen, there are no limits on how many people can meet indoors or outdoors and mask wearing is no longer a legal requirement. Vaccine Minister, Nadhim Zahawi, is due to make an announcement on vaccinating 12 to 17-year-olds later.
In Europe this week, the European Central Bank will announce its latest decision on monetary policy. In news conference last week, President Lagarde said there will be new guidance on stimulus measures.
The dollar has strengthened this morning, benefitting from its safe-haven status as COVID-19 cases rise globally.
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