The pound has weakened against the euro and the dollar this morning. All eyes will be on the Bank of England’s upcoming monetary policy meeting. Any comments around imminent interest rate hikes could impact sterling.
Tensions between the UK and the EU continue to escalate as frictions surrounding post-Brexit fishing rights with France and over the Northern Ireland Protocol remain.
The euro has strengthened slightly this morning following a dip at the end of last week caused by surprise inflation figures.
The dollar strengthened on Friday and is trading around the same levels this morning. It’s a busy week for data in the US with plenty of potential for dollar movement.
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