The pound strengthened against the dollar yesterday due to signs that UK lockdown restrictions may soon be eased and that the economy may benefit from pent up demand. Sterling also mostly retained its recent strength against the euro. The pound has lost some of its gains this morning, however is still at strong levels.
Despite this, Brexit remains a concern, with talks reaching a stalemate last week. Both sides have committed to continue negotiations throughout the year.
Yesterday evening, Health Secretary Matt Hancock led the daily coronavirus briefing. He said that despite infections and deaths falling, the government are still taking a ‘safety first’ approach.
