Sterling was still benefitting from dollar weakness yesterday, rising to a five month high and near to pre-coronavirus levels. However, the pound was flat against the euro. This morning, the pound still remains at a significantly strong level against the greenback.
Data released yesterday shows that the number of mortgages approved for house purchase in the UK jumped to 40,000 in June, recovering from an all-time low of 9,300 in the previous month, beating expectations.
This morning, car production figures will be released, followed by housing prices tomorrow.
