"Official data shows that the UK recorded zero deaths from Covid-19 yesterday. This is the first time this has happened in 445 days. Despite it probably being due to the delay in reporting data over the bank Holiday weekend, it is being seen in the media as both a significant step in the recovery and a reason for the Government to press ahead with the full reopening in three weeks’ time.

Continuing the theme of positive news for the recovery, data yesterday showed that UK manufacturing output grew at its fastest rate in nearly 30 years and house prices rose by the largest margin in seven.

This drove the pound to its highest level in three years against the dollar.

The outlook for the pound remains mixed since most of the good news on the recovery, number of vaccinations and cases of Coronavirus is now priced in.

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Beyond Currency Market Commentary:

Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.