The Pound has strengthened against both the Euro and the Dollar as EU leaders failed to back a ban on AstraZeneca vaccines being exported to the UK. UK retail sales came out slightly worse than expected at 2.1% but this was largely ignored by the market.
The Euro remains weak as European Commission President von der Leyen has suggested that the EU is at the start of the third coronavirus wave at the moment. She also put more pressure on AstraZeneca to ‘catch up’ on the promised vaccine doses.
US unemployment claims released yesterday came out at 684K compared to 727K that was forecast which is its lowest figure since the start of the pandemic. The Dollar has lost ground against the Pound but remains strong against a weaker Euro.