The pound has gained nearly 1% against the US dollar and a little less against the euro since Sunday night, coming close to its position this time last week but still 1% down on the 18-month highs of early August.

The pound has been the beneficiary of a positive change of mood in the stock markets globally.

It’s an exceptionally quiet week for data releases as we approach the end of summer Bank Holiday, so geopolitical and Delta variant concerns could come to the fore once again.

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