The pound is still weaker against the euro this morning despite a host of positive data releases in the UK. Sterling has strengthened slightly against the dollar.
Nearly all over 50s have been vaccinated in England, and 10 million people are now fully vaccinated in the UK. Retail sales jumped 5.4% in March, with clothing and non-food stores particularly benefitting from the easing of restrictions.
Christine Lagarde, President of the European Central Bank, was relatively restrained in what she told markets in the latest monetary policy meeting. She acknowledged a positive outlook for the eurozone but said this was “clouded by uncertainty”.
In the US, the labour market appears to be making a recovery as initial jobless claims figures were the lowest since before the pandemic.
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