The pound is trading around the same level as yesterday against the euro. Sterling has weakened slightly against the dollar, mainly due to dollar strength from rising Treasury yields and positive US economic data.
Sterling’s outlook for May could be affected by the Bank of England’s monetary policy decision and quarterly Monetary Policy Report on Thursday.
As of this morning, those in England aged 40 and over can now book their Covid-19 vaccine. The most recent figures reveal that around 34 million people, equal to nearly two-thirds of the adult population, have now received at least one jab.
UK car production saw its first increase in 18 months, rising 46.6% year-on-year in March. House prices increased by 7.1% year-on-year in April, the fastest growth since 2004.
