Sterling was boosted at the start of the week yesterday, gaining almost 1.5% against both the euro and US dollar.
Sterling’s success has been driven by local elections which cemented Boris Johnson’s power leading a centre-right Conservative government – and one that is spending a lot of money – while the Scottish Nationalist Party failed to win an outright majority.
Yesterday the UK government announced that Covid-19 curbs would continue to be eased as planned, with hospitality allowed indoors from next Monday.
Also in the political sphere, today we’ll see the state opening of Parliament, where the government looks likely to introduce measures to improve training in new skills as part of its agenda to support its “levelling up” agenda.
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