Sterling stayed strong yesterday, maintaining the highs it achieved just before the weekend as the markets got on board with the government strategy of releasing the economy despite the surge in Covid cases.
There were no data releases yesterday, but that changes tomorrow with inflation, then earnings and employment on Thursday, which is hoped to see a fall in numbers of unemployed despite the tapering of the furlough system. The government moved from paying 80% of salaries to 70% in July and that comes down to 60% (and employers 20%) in August.
