The pound is still weaker against the euro and the dollar this morning. It could be said that this is due to lower vaccine supplies expected in April and concerns over the AstraZeneca vaccine due to its possible link with blood clots. A UK regulator said those in the 18-30 age group should be offered an alternative vaccine.
Despite these losses, the pound is still up 3.6% against the euro in 2021 and 1% against the dollar.
PMI data released yesterday showed that the services sector grew in March due to an increase in new work for the first time in six months due to stronger client demand and forward bookings ahead of easing lockdown measures.
Today, data will be released to show how the UK construction sector performed in March.
