The pound is stronger against both the euro and the dollar this morning following sizeable gains on Thursday.
This fresh strength is thought to be down to a combination of comments by Bank of England Governor Andrew Bailey around interest rates and the European Central Bank announcing that it will start to slow the pace of its pandemic bond-buying programme.
The dollar has weakened this morning and investors will now be paying close attention to today’s US PPI figures which could give the greenback new direction.
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