The pound is strong against the euro this morning but weaker against the dollar, mostly due to a stronger greenback. Sterling found some strength after yesterday morning’s inflation data, which was higher than expected and above the Bank of England’s 2% target.
In the House of Commons yesterday, MPs backed the government’s decision to delay the easing of lockdown restrictions by at least four weeks. 51 Conservative MPs voted against the plans, whilst Labour supported the delay “with a heavy heart”.
There are no economic data releases for the UK today, but the markets will be looking to tomorrow when retail sales for May will be released.
