The pound is still strong against the euro this morning after reaching a 13-month high yesterday. UK GDP data was released earlier, showing that the economy performed better than expected in the last quarter of 2020.
Sentiment data released for the Eurozone yesterday shows that expectations for economic recovery improved in March. Despite this, the euro is still suffering due to the ‘third wave’ of COVID-19 infections and slow vaccine rollout.
In the US, President Biden is due to make a speech today unveiling plans for infrastructure spending. This will be the first of two economic recovery proposals from the President.
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