After strengthening towards the end of last week, the pound is trading around the same levels against the euro and the dollar this morning.
Sterling was boosted by the release of the government’s £15 billion cost-of-living plan, which will involve every UK household receiving a £400 discount on energy bills from October. In addition, the lowest-income families will get a one-off payment of £650.
Due to the Jubilee and Spring Bank Holidays, it’s a short week for UK data releases. However, housing data and manufacturing PMI figures will be released on Wednesday.
