The pound has weakened this morning against the euro, while strengthening marginally against most other currencies. This drop might have been expected on news of the delay in pandemic-restriction releases yesterday.
Today’s employment data, showing unemployment remaining very close to pre-pandemic levels at around 4.7%, briefly moved the pound upwards this morning against the euro, although it has since moved down again, and further.
Tomorrow morning we will see inflation data, with the only other data release of note being retail sales on Friday.
