The pound is up this morning against the euro and dollar, after stricter measures were imposed in the UK and the latest figures from China and Italy appear to point to a downward trend in cases.
European services fell at the fastest rate since records began last month, helping to put pressure on the euro against the pound. Manufacturing also showed a steep decline, with both services and manufacturing coming in much below the already-negative drop that had been forecast.
Demand for the dollar has eased somewhat after the Federal Reserve implemented new measures to help the economy. It was also not helped by poor PMI readings, coming in below expectations.
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