Sterling weakened across the board yesterday as positive vaccine and lower infection data begins to be priced in.
The dollar strengthened across all major currencies, something that will not please President Biden as his team aims to bolster American manufacturing with a weakened dollar and are reportedly seeking ways to achieve that.
In business news, the ratings website Trustpilot announced plans to list on London’s stock market, and share markets bounced back after worries about inflation sent shares tumbling and bringing GBP with them last week.
Chancellor Rishi Sunak will be preparing to present his Budget at 12.30 tomorrow, and will have been hearing calls for higher taxes – or lower taxes – from various quarters.
It’s a busy midweek for data and there could be significant market movements.
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