The pound is still strong against the euro and dollar this morning, so far proving resilient against the political unrest in the UK. This is a sign that the market thinks the possibility of Boris Johnson resigning is low, despite senior Conservative MPs calling for him to stand down.
Yesterday, the Prime Minister admitted to attending a social event in Downing Street during the first lockdown in May 2020. He apologised but added that he thought he was at a work event.
There are no economic data releases for the UK today, but tomorrow we’ll see the release of GDP figures and industrial production. November’s GDP data is expected to have improved month-on-month.
