The pound is still volatile as the EU summit continues today. So far, EU leaders have called on the UK to make the necessary moves and concessions to reach a trade deal. Following this, the Prime Minister is expected to reveal what the UK’s next steps will be, which could impact sterling.
Rising COVID-19 infection rates and increased restrictions across Europe are weighing on the euro this morning. The dollar remains strong due to its safe-haven appeal, as virus worries, US stimulus woes and jobless claims data come into play.
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