The pound is still at strong levels against both the euro and the dollar this morning due to general market optimism, positive inflation data and the UK’s vaccine rollout. The promise of economic stimulus relief from the Biden administration has created a more upbeat market mood.
This optimism has caused the dollar to weaken, however, due to its status as a safe-haven currency. In Europe, the European Central Bank will hold their latest monetary policy meeting this afternoon and the euro, the economy and quantitative easing are expected to be discussed.
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