The pound is up against the euro this morning, benefitting from the latter’s weakness over comments from the Bundesbank. It was also perhaps helped by comments from Rishi Sunak that the government’s scheme to help the self-employed could, too, be extended past the three months currently envisaged.
Transport Secretary Grant Shapps said yesterday that Ireland will definitely be exempt from coronavirus quarantines, but that other ‘low-risk’ countries may also be able to be exempt – raising hopes of some form of business for airlines and the hospitality industry.
This morning, unemployment has come in at 3.9%, below market expectations of 4.4% and actually representing a small drop, in a positive sign as lockdown begins to ease.
