The pound has maintained its strength against both the euro and the dollar this morning, despite political unrest in Downing Street.
Reports this morning reveal that senior Conservative MPs are calling for Boris Johnson to resign. This follows news that he attended an event at Downing Street in May 2020, something that Johnson admitted to in the House of Commons yesterday.
However, Ministers are urging MPs to wait for the outcome of Sue Gray’s report before taking any action.
The euro is stronger against the dollar this morning, partly due to dollar weakness. This follows the release of US inflation figures yesterday, which were largely in-line with forecasts. The data showed that November saw the largest annual increase in core consumer prices since 1991.
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