The pound is strong against both the euro and the dollar this morning ahead of a busy week. The Prime Minister will make his announcement on restrictions after the national lockdown today, followed by the Chancellor’s spending review on Wednesday and a series of economic data throughout the week.
Positive news about the AstraZeneca/Oxford University vaccine has also given sterling a boost this morning.
PMI data will be released for the UK, EU and US later today, which will give a strong indication of how each economy is faring in the midst of the pandemic. The service sector is expected to have taken a hit in all areas.
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