Sterling hit a one-year high this morning against EUR, while remaining broadly stable against USD, as the markets continue to react positively to last week’s Budget and hopes of a rapid economic recovery, with schools returning this week and non-essential shops in five weeks’ time.
UK business confidence hit a year-long high too, with BDO’s Services Optimism Index rising to 94.13 in February, closer to its average of 100 and well above January’s 86.60 reading.
Covid rates continue to fall rapidly and the lockdown began to be released as school children returned to the classroom.
There are no significant data releases until Friday this week with industrial and GDP data.
