The pound is stronger against both the euro and the dollar this morning after weakening slightly at the end of last week. Improved global market sentiment due to hopes of increased stimulus measures in the US has strengthened the pound. However, coronavirus news and economic data could impact sterling this week.
Worries over the pace of the vaccine rollout in Europe are weighing on the euro. In the US, the Federal Reserve will hold their latest monetary policy meeting on Wednesday and GDP data will be released on Thursday.
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