The pound at the time of writing is approaching its highest point since mid-August as the recovery from last week’s fuel, energy and inflations worries continues.
There is still a shortage of HGV drivers, however, and fuel remains scarce in south-east England forecourts.
There were no data releases yesterday, but this morning we’ve heard that new car registrations were the worst for two decades.
At 9.30 today we will get final Markit/CIPS PMI figures for services and composites. This data will be seized on by the currency markets in a quiet period for data, with a reading of over 55 likely to revive sterling still further.
