The pound is still struggling against the euro but has strengthened a little against the dollar this morning, up from near monthly lows.
Last week, a new Covid-antibody treatment was approved in the UK. Although this is good news for the pound, which continues to be weighed down by fears over the spread of the Delta variant, this treatment is very expensive and is likely to only be used for the most vulnerable.
In terms of data, this week we will see Markit PMI, CBI industrial trends orders and car production figures. PMI figures will be the focus.
