The pound remains above key levels against the euro after German business morale fell more than expected.
This morning’s unemployment data – a further rise to 5 million, but less bad than expected – has failed so far to shift the dials and there are no significant data releases on the sterling side of the equation this week.
Sterling is benefitting from one of the fastest vaccine rollouts in the world, with around 7 million people having now been vaccinated in the UK. Much will depend on its effectiveness on the new variants.
