The Pound Euro (GBP/EUR) exchange rate trades at €1.10 a 6 week low.
Fears of a second wave of coronavirus are unnerving investors. The British government has banned the meeting of over 6 people in an attempt to stem the spread of covid after new daily infections jump sharply with 2420 reported on Tuesday. AstraZeneca is also pausing its covid vaccine testing programme for independent review after one candidate experienced an adverse reaction.
The Euro is trading broadly lower versus peers as investors await Thursday’s ECB monetary policy meeting. The ECB could try to talk down the Euro.
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