The pound is still weak against the euro and the dollar this morning. It continues to suffer due to worries of high inflation and economic stagnation amid the global energy crisis.
Despite this, GDP growth for the second quarter of this year came in better-than-expected today, largely due to the easing of COVID-19 restrictions.
The euro is still suffering against the dollar this morning, despite positive data released yesterday, which showed that confidence in the economy among residents of the Eurozone is higher than expected this month.
The dollar is still strong against the pound and euro as expectations for the Federal Reserve to start tapering monetary policy increase.
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