The pound is stronger against the euro and the dollar this morning. The UK’s speedy vaccine rollout is helping sterling to strengthen, despite the continuing lockdown. As of yesterday, 6.8 million first doses of the COVID-19 vaccine have been administered in the UK.
There are hopes that the quick vaccine rollout will be taken into account when the Bank of England make their interest rate decision next week, weighing against the possibility of negative rates. The success of the vaccine rollout is seen as essential to an economic rebound this year.
There are no data releases for the UK today, but car production figures will be released tomorrow and housing data on Thursday.
