The Pound vs Euro (GBP/EUR) exchange rate is building on gains from the end of last week.
Surging covid cases and the threat of tighter lockdown restrictions are unnerving investors despite encouraging vaccine roll out developments.
UK Health Secretary Matt Hancock said over the weekend that 200,000 people are now being vaccinated per day. The UK is on track to vaccinate the most vulnerable by mid-February potentially meaning the easing of lockdown restrictions.
BoE’s Andrew Bailey is to speak later.
The Euro found little to cheer at the end of last week even as the headline unemployment statistic improved. EZ industrial production is due on Tuesday.
Currencylive.com is a news site only and not a currency trading platform. Currencylive.com is a site operated by Wise US Inc ("We", "Us"), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of Wise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.
