The pound is at strong levels against both the euro and the dollar this morning, as optimism about the UK’s economic reopening continues to support sterling.
However, the Indian variant of the virus, which remains prevalent in some parts of the country, is casting doubt over whether the reopening on June 21 can go ahead as planned. The pound could react to any information regarding this over the coming days and weeks.
A report released over the weekend from Public Health England confirmed that both the Pfizer and AstraZeneca jabs are highly effective against the Indian variant after two doses.
It’s a light week for economic data releases in the UK. However, Bank of England official Silvana Tenreyro will speak this week.
