The pound is still strong against the euro this morning due to increasing expectations of an interest rate hike from the Bank of England. Data yesterday showed that inflation reached a 30-year high in December, which could give officials fresh impetus to raise the rate at their meeting in February.
Inflation figures for the eurozone will be released later this morning and the euro could be impacted by any surprise numbers. President of the European Central Bank, Christine Lagarde, will speak tomorrow following this.
The Prime Minister announced yesterday that workers are encouraged to return to the office from today and ‘Plan B’ measures will be dropped from next Thursday, with an end to mandatory mask wearing and Covid passports. This comes amidst ongoing political turmoil in Downing Street.
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