The pound was little changed yesterday, but still well supported against the dollar and the euro. Sterling is still being supported by the UK’s vaccine rollout and hopes of economic recovery. 40% of adults have now received their first dose.
Vaccine disputes between the UK and the EU continue, however. President of the European Council, Charles Michel, claimed that the UK had banned exports of UK produced vaccines. This has since been deemed as false by Foreign Secretary Dominic Raab and further discussions will take place surrounding the claim.
The EU has also complained that UK’s decision to extend grace periods on Brexit checks on goods going from Great Britain to Northern Irish supermarkets breaches part of the Brexit deal.
It’s a light week of data for the UK today, but tomorrow balance of trade and GDP figures will be released.
