The pound is still trading around one-year highs against the euro this morning and is strong against the dollar after yesterday’s positive business confidence data and hopes of economic recovery.
The UK’s successful vaccine programme has been a key driver for the pound over the past few months. It was reported yesterday that that the UK is in due to accelerate its vaccination rollout within the next week, after the pace of administering first doses stalled. However, the EU and other countries are now catching up with the pace of the UK.
It’s a quiet day for economic data in the UK today, so the markets will be looking to Friday when a series of figures, such as industrial production and GDP, will be released.
