The pound was choppy throughout the course of yesterday, as it continued to move in tandem with the stock markets. Technology stocks, consumer cyclicals and industrial groups were down, suggesting there is still concern about the impact of rising Covid-19 cases on the economy.
Ongoing worries over Brexit and coronavirus have continued to weigh on sterling, which is weak against both the dollar and the euro this morning.
A survey of British retailers showed that 60% of retailers still expect sales in July to be weak due to coronavirus restrictions.
In slightly more optimistic news, ministers are finalising plans for a series of “travel corridors” that will mean people arriving into the UK will not need to self-isolate. Participating countries could include France, Italy, Spain, Greece, Belgium, Germany, Norway, the Netherlands, Turkey and Finland.
