Sterling remains strong this morning as the number of people who have received vaccinations continues to rise and 24/7 vaccination centres are promised. Concerns over a new Brazilian Covid strain have been met with a travel ban from South America and Portugal from today.

Biden’s announcement has caused the euro to to slightly weaken, and political trouble in Italy has exacerbated the country’s economic recession.

Unemployment figures are still increasing in the US, as nearly one million Americans filed for unemployment benefits last week.

Make sure any upcoming transactions are protected against the risks of sudden market movements. Secure a fixed exchange rate now with a forward contract; call your Personal Trader on  020 7898 0541 to get started.

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