The pound continues to be in a weaker position against the euro this morning but remains fairly close to the strong levels achieved last week and at the beginning of this week. Sterling has managed to gain some ground against the dollar.
The UK’s economic data calendar is empty today, but all eyes will be on GDP figures tomorrow. GDP is expected to increase by 0.2% month-on-month due to the decrease of the Omicron variant.
Following widespread criticism, the home secretary is due to update Parliament later on changes to the Ukrainian visa scheme. The process is expected to be ‘streamlined’ as many fleeing war do not have the necessary documents with them.
