The pound is still trading at strong levels against the euro and the dollar this morning, after rising more than 1% over the course of last week. The UK’s vaccine effort and hopes for economic recovery have kept sterling buoyant, with more than a third of the adult population now vaccinated.
The markets are now looking ahead to the Prime Minister’s ‘roadmap’ announcement which is due to happen later today. Johnson will share his plans with ministers before a news conference at 7pm this evening. According to reports, schools are set to reopen on March 8.
This week, average earnings figures will be released for the UK, as well as manufacturing PMI at the end of the week. There will also be speeches from several Bank of England officials.
