The pound was given a boost against the dollar on Friday after a disappointing Non-Farm Payrolls report for the US but has lost some of that strength this morning. Against the euro, sterling has strengthened.
This week, we can expect a quiet week for UK economic data until we get to Friday, when balance of trade, industrial production and GDP figures will be released. GDP is predicted to have expanded 8% year-on-year in July, a drop from June’s figure of 15.2% in June.
Sterling continues to be influenced by the UK’s COVID-19 situation, which could continue into autumn and winter. The success of the booster jab rollout will play a key part in the UK’s battle with the pandemic, with the JCVI announcing last week that anyone over 12 with a severely weakened immune system should receive a third vaccine.
