The pound has weakened against the euro and the dollar this morning, but remains at strong levels against the dollar, as virus and Brexit worries take their toll.
The government and scientists are now working to determine whether the vaccines produced to combat COVID-19 will work to tackle the new strain of the COVID-19 virus, which was found in the South-East of England. Many EU countries, including France and Germany, have announced plans to close their borders to the UK due to the emergence of this new strain.
In Brexit news, the government has said that there will be no Brexit trade deal unless there is a “substantial shift” from the EU. Reports suggest that the two sides are likely to decide before Christmas whether a deal can be reached or not.
This week, GDP data will be released for the UK, which will reveal how the economy performed in the third quarter of this year.
