Despite strengthening a little over the course of yesterday, the pound is still struggling against the euro and the dollar.
This continues to be down to several factors, including the ongoing fuel crisis and the end of the furlough scheme which has left almost one million people unsure of their future employment status.
The euro reached a 2021 low against the dollar yesterday after a speech by US Federal Reserve Chair Jerome Powell revealed that he now believes that inflation may not be transitory like he originally thought. This boosted the dollar.
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