Despite a brief wobble around midday yesterday the pound has remained at near 8-month against the euro, while accelerating its wins against the USA dollar.
With a dearth of economic data this week – there is nothing significant until Friday – the catalyst for any change will be vaccines and the hope of economic recovery.
There will be a speech from Bank of England Governor Andrew Bailey tomorrow evening at 5pm. Bailey has come under fire for his handling of the personal finance scandal when he was head of the UK’s regulator the FCA, but it is likely to be his attitude to negative interest rates that the markets will be listening to.
