The pound has strengthened slightly against the euro this morning, possibly after Boris Johnson’s vaccine update yesterday. He made a pledge that more than 1000 GP-led sites in England will be able to offer a total of “hundreds of thousands” of jabs each day by January 15, saying that the army will be drafted in to help administer these.
Despite this, the current COVID-19 situation and worries over the UK economy remain, so again gains for the pound could be limited.
UK Construction PMI came in at 54.6 in December, little-changed from November and below market expectations, but showing that the sector is still growing. Increased construction activity primarily reflected another sharp rise in house building, while commercial activity eased.
