The pound has gained back some strength against both the euro and the dollar this morning after markets were disappointed with the Bank of England’s latest monetary policy meeting yesterday, which had caused sterling to weaken. The Bank voted unanimously to keep interest rates as they are.
The British Government has assured the public that delays to the vaccine rollout will not affect the roadmap out of lockdown. However, this delay could affect sterling’s strength.
In Europe, the European Medicines Agency has said that the AstraZeneca vaccine is safe and “is not associated with an increase in the overall risk of blood clots”.
Looking to the US, bond yields have started to ease after ‘dovish’ comments from the Fed caused them to surge.
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