The pound is still strong against the euro this morning, trading around 18-month highs. This follows the Bank of England’s monetary policy meeting last week when officials said that it is likely interest rates will be hiked in 2022.
The dollar has strengthened against the euro and the pound since the beginning of the week as the markets continue to process the US’ Non-Farm Payrolls report, which was released on Friday.
Boris Johnson has commented on the UN’s sobering report on climate change, saying that the world must “shift to clean energy resources”. This comes less than 3-months ahead of the COP26 climate summit, which the UK will host in Glasgow this year.
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