Sterling is slightly stronger against the euro and the dollar this morning. The strength against the greenback is due to dollar weakness, which has come about in the wake of the Federal Reserve’s latest monetary policy meeting.
Against the euro, the pound is stronger than yesterday but still around the same levels as it was earlier in the week.
The Scottish parliamentary elections, which take place next Thursday, could spell volatility for the pound. A pro-independence majority in Holyrood, and the uncertainty that this could pose, could cause volatility in the currency markets.
Car production figures are due to be released for the UK this morning, expected to show an improvement in March after falling by 14% in February.
