The pound is trading around the same levels against the euro but has gained back a little strength against the dollar.
Sterling is still being weighed down by the UK’s disappointing Markit PMI figures and the relatively high, albeit steady, Covid cases. The lack of UK data this week is also not giving the pound any opportunity to gain back substantial strength.
UK supermarkets have warned that there may be food shortages over the Christmas period as the supply chain issues appear to be getting worse. Richard Walker, boss of supermarket Iceland, warns that the UK is around 100,000 lorry drivers short.
