All eyes will be on Bank of England officials at midday today following their latest meeting. The markets will be listening closely to Governor Andrew Bailey and others for any indication on when monetary policy will be tightened and when interest rates could be hiked. Although a significant shift in policy isn’t expected, the pound could react to any comments.
The government has announced this morning that France will move to the amber travel list from Sunday, whilst Germany, Austria and Norway are among seven countries that will move to the green list. Despite this, the travel industry has said the changes do not go far enough.
The dollar is strong this morning after some ‘hawkish’ comments from Federal Reserve officials yesterday, which suggest the economic outlook for the US is broadly positive.
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