After a muted reaction to news of a Brexit deal on Christmas Eve, the pound strengthened against the euro and the dollar yesterday evening and is still strong this morning. This comes after the deal was signed into law last week and the UK left the EU at the end of 2020.
UK ministers are now preparing a £100m package to rebuild Britain’s fishing fleet. This is to allow crews to expand their fleets and to help the fish processing industry deal with an increase in the number of catches. The new Irish Sea border will face its first major test as businesses return after Christmas.
A series of PMI data will be released for the UK today, which will tell us how the UK economy performed in December. Coronavirus news could also drive the pound this week as the Prime Minister has warned that tougher virus restrictions may be needed.
82 year old Brian Pinker was the first person to receive the Oxford-AstraZeneca vaccine this morning, beginning the rollout across the country.
