Sterling rallied early yesterday in response to positive data across the board (including mortgage lending, manufacturing PMI and lower credit card bills), but then declined through the rest of the day ending slightly below where it started.
The boost from being the fastest mover in Europe on vaccines appears to be played out and now needs to be followed by a rapidly recovering economy.
This morning UK house prices were revealed to have risen by 6.9% through the pandemic year according to data from Nationwide.
There are no other big data releases until the Budget tomorrow lunchtime.
