The pound experienced its largest weekly decline against the euro last week since September. This was due to a mixture of vaccine uncertainty and profit taking from investors. It is still weaker against the euro and the dollar this morning, although the reopening of the economy could start to support the pound.
Non-essential shops, gyms, hairdressers and pub gardens reopen in England today. 32 million people in the UK have received the first dose of their COVID-19 vaccine and the government say that they are still on target to vaccinate all adults by the end of July.
It’s a relatively light week for economic data in the UK, however, GDP, industrial production and manufacturing figures will be released tomorrow.
