After months of talks and negotiations between member states, concluding in a five day summit, EU leaders have finalised their coronavirus recovery deal.
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Once again, the pound is move in tandem with the global markets, which have improved due to news of the EU recovery plan.
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After a poor start to the week, the pound made a recovery against the euro and the dollar yesterday afternoon. It is still strong this morning, moving with the global markets as EU leaders finally came to an…
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Some positive news to start the week – the government has signed deals for 90 million doses of coronavirus vaccines that are being developed, which have, so far, shown positive results in clinical trials. This new deal is…
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The dollar is struggling against a resurgent euro this morning – at its lowest level for three months – while maintaining stability against GBP.
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The single currency has strengthened this morning on the back of progress expected today as EU leaders continue to meet in Brussels and plan a response and rescue package for the countries worst affected by the Covid pandemic.
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The pound has weakened further this morning and is currently around 2% weaker than last Monday against the euro, although only very marginally down against USD.
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All eyes are on Brussels today as EU leaders continue to discuss a united approach to helping those countries most stricken by the pandemic.
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