The pound stormed to very nearly its highest rate since last May against the euro and is bobbling around among the highest rates against the US dollar since mid-2018.
Positivity around the vaccine, Brexit and even the signs that President Biden may not be as anti-British/Boris as predicted all helped to push sterling to two-month highs.
Economic data was mixed, with the highest ever quarterly rise in redundancies leading to unemployment of 4.8%. Average earnings rose ahead of expectations, however, by 1.9% in the three months.
The only data release today is the NIESR estimate of GDP, which will be followed tomorrow by the actual GDP figure.
