The pound is strong against the euro this morning after reaching a 10-month high yesterday. The pace of the vaccine programme in the UK is boosting sterling, whilst the slower vaccine progress in Europe is weighing on the single currency.
A study has revealed that COVID-19 infections have dropped by two-thirds across England since the latest lockdown began, with an 80% fall in London. However, levels remain high overall.
Data released yesterday shows that January retail sales in the US had their largest increase in seven months due to government stimulus. However, as the minutes from the Federal Reserve’s latest meeting revealed yesterday, the US economy is still “far from” where it needs to be.
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