Sterling has gained strength this morning as the markets reacted well to the UK government’s cautious but planned roadmap out of lockdown.
GBP/EUR has now recovered to well above its highest level since the UK lockdowns began in March 2020.
Unemployment fell by 20,000 in January, however this still represents a rate of 5.1% and an increase of 1.4 million compared to last March.
Average earnings data this morning has also impressed the markets, being 4.1% excluding bonuses and 4.7% including bonuses, beating expectations and last month’s results.
That’s almost it for top-level data this week although there will be CBI Distributive Trades at 10am today and house prices from Nationwide on Friday.
