The pound is still weak against the dollar this morning and has fallen for five days against the euro. This is due to concerns over the Delta variant and a fall in the global markets – a situation when safe-haven currencies typically benefit, and sterling weakens.
The UK’s chief negotiator, Lord Frost, will explain the government’s latest Brexit proposals in Parliament later. He is expected to warn the EU that the UK will override the Brexit arrangements for Northern Ireland if a more simplified agreement cannot be reached.
In Europe, all eyes will be on the European Central Bank’s press conference tomorrow, which comes after officials announced a change to the Bank’s inflation target earlier this month.
Yesterday, the UK was placed on the US State Department’s ‘do not travel’ list, the highest warning against travel, due to rising COVID-19 cases.
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