The pound is stronger against the euro this morning. Sterling is trading around the same levels as yesterday afternoon against the dollar.
Markets will be keeping a close eye on the G7 summit which is due to get underway in Cornwall today. Any decisions made around the Northern Ireland protocol will be of particular interest.
In a rather dovish meeting yesterday, the European Central Bank has voted to keep interest rates as they are and to maintain its pandemic emergency purchase programme (PEPP).
In the US, inflation figures far exceeded market predictions, rising to the highest level since 2008. This gave the dollar an initial boost.
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