The Pound has stayed weaker against both the Euro and the Dollar. This morning, the unemployment rate beat expectations at 5.0% compared to 5.2% that was forecast. However, both average earnings and the claimant count change disappointed the market with worse than expected figures.
The Data and Safety Monitoring Board in the US has said that Astrazeneca may have provided outdated information about its vaccine trial. This has prompted suggestions that fewer EU citizens would be willing to take the vaccine, which would exasperate the slow vaccine rollout in the EU. Overall, the Euro remains weak against the Dollar.
President Biden is set to announce infrastructure plans worth $3tn on top of the recently announced $1.9tn fiscal stimulus package. This news along with higher US Treasury bond yields is increasing demand for the Dollar which is giving it strength.