The pound has reacted to stock market jitters this week, but the speed of the UK’s vaccination programme continues to provide support. Sterling is still at strong levels against the euro and the dollar but has weakened slightly this morning.
GDP figures are due for Germany later today and personal income and spending data will be released for the US. The markets will be watching closely for any unexpected outcomes.
President Biden’s $1.9 trillion deal is still awaiting approval as concerns were expressed about the large price tag. However, yesterday the White House ruled out splitting the package up into smaller bills.
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