The pound is stronger this morning, strengthened by comments from Bank of England Governor, Andrew Bailey. He said that the interest rate would not be cut to 0% or lower over the coming weeks due to the prospect of economic recovery.
This comes as the vaccine rollout is underway. NHS England announced that 121,000 additional people received their first vaccine on January 10, taking the total of first doses to over 2 million. It is hoped that 15 million vulnerable people will have received their vaccine by February 15.
There are no economic data releases for the UK today. On Friday, however, industrial production and GDP figures will be released.
