Sterling remains finely balanced this morning, having strengthened very marginally in the past 24 hours against NZD, CAD and USD, but slipped against NOK, SEK and the euro.
These are tight margins, however, after a week of small falls, all under 0.5%, against our main currency rivals over the past week.
It’s a hectic week for data, and so far the picture is mixed, with unemployment levels rising in October, but less than could be feared with the furlough scheme ending the month before.
Wages are rising at nearly 5%, but this could be seen as fuelling inflation.
