The Pound US Dollar (GBP/USD) exchange rate is rebounding off last week’s 7-week low +0.2% at US$1.2820.
Brexit is the central focus as the controversial Internal Markets Bill will be debated in the House of Commons. The EU have threatened to halt trade talks and could start legal action if the British government hasn’t scrapped plans to undermine the Brexit Treaty through this bill by the end of the month.
Vaccine optimism to boosting the Pound and dragging on the safe haven US Dollar, as risk sentiment ticks higher. Oxford University / AstraZeneca will restart trials today after a routine pause.