The pound has had a choppy day against the euro, as Boris Johnson returned to work and warned against impatience over ending lockdown. He said that the government would not yet be able to publish its plans for the next phase, so there are a few more days at least of uncertainty until then.
The pound was put under further pressure by warnings from EY that the economy could take three years to recover from the fallout from coronavirus. Nonetheless, it wasn’t entirely negative, saying that it expected positive growth to return to 4.5% in 2021, as businesses ‘make up for lost time’.
