The pound has strengthened slightly against the euro this morning following the Prime Minister’s pledge yesterday to vaccinate “hundreds of thousands” of people a day in the UK from the middle of January. However, sterling has been weak overall since the start of the year as economic worries due to the pandemic continue to weigh.
In the US, the dollar has strengthened slightly this morning. Non-Farm Payrolls will be released later today, which serves as a significant indicator of how the US economy performed in December. The European Central Bank cited vaccine programmes as crucial for economic recovery in its Economic Bulletin yesterday.
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