Pound (£)

The Pound strengthened across the board yesterday as the UK eased lockdown restrictions to allow six people to meet outside. However, Prime Minister Johnson has said that the UK’s ability to cope with another coronavirus wave is unknown for now which caused the market to take a more cautious approach in the afternoon.

Euro (€)

The Euro remains weak as Germany reported more coronavirus cases than yesterday. In addition, France’s President Macron has come under fire as he refuses to apologise for delaying the decision to impose lockdown restrictions amidst a surge of virus cases in the country.

Dollar ($)

The Dollar has gained some strength as US Treasury bond yields have remained strong which has increased demand for the greenback. The market is waiting for President Biden’s speech regarding the economy tomorrow before deciding which way the Dollar will go.