The pound is still strong against the euro this morning and slightly weaker against the dollar as the markets focus on surging energy prices around the globe.
Sterling is still well-supported against the euro due to expectations that the Bank of England will raise interest rates ahead of the European Central Bank.
Construction PMI came in lower than expected yesterday – the weakest speed of recovery for eight months due to a combination of supply chain issues and softer demand. Today, labour productivity figures will be released, followed by the Bank of England’s Quarterly Bulletin tomorrow.
