The pound is slightly stronger against the euro and the dollar this morning after weakening at the end of last week following ‘dovish’ comments from Bank of England Governor, Andrew Bailey.
Today, the Prime Minister will set out his plans for the final easing of lockdown restrictions in the UK. Downing Street has said that ‘step four’ of the government’s plan will be enforced on July 19, subject to ‘four tests’ – the vaccine rollout, vaccine effectiveness, hospital admissions, and new variants. The data for these will be reviewed on July 12.
It’s a busy week for economic data releases in the UK, with PMI data due later today, house price figures on Wednesday and GDP on Friday. All of this will paint a picture of how the UK is faring economically.
