The pound is stronger against the euro and the dollar this morning following comments from Bank of England officials. Over the weekend, both Andrew Bailey and Michael Saunders expressed worries over rising inflation and hinted at an earlier-than-expected interest rate hike, which gave sterling a boost.
The government will hold further talks on the energy crisis today, speaking with industry representatives this afternoon. Energy intensive industries such as ceramics, paper and steel manufacturing are calling on the government for support amid worries over factory closures.
After a disappointing Non-Farm Payrolls report on Friday, the dollar is slightly weaker against the euro and the pound this morning. The report revealed that 194,000 non-farm jobs were added in September, far lower than predictions of 500,000.
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