The pound is strong against both the euro and the dollar this morning after positive vaccine news and optimism surrounding a Brexit deal gave it a boost. It hit a 10-week high against the dollar yesterday and is still strong today.
The dollar is weaker on news that President Trump has made way for the transition to a Biden Presidency. He tweeted yesterday asking the GSA to “do what needs to be done with regards to initial protocols” and said that his team will do the same. Biden will now be able to prepare to take office in January.
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