Sterling cautious as ‘Freedom Day’ confirmed

The pound has been bolstered by yesterday’s confirmation that the majority of restrictions will be lifted in England next week, as planned in the next stage of the roadmap. Sterling has hit fresh highs against the euro; the strongest it’s been since early April.

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Sterling has been supported against the euro and the US dollar this year by the speed of the UK vaccination programme, though a cautious tone from the government yesterday and a warning that cases are likely to continue to rise have prepped investors for the possibility of choppy waters ahead.

With ‘Freedom Day’ now within touching distance, the world will be keeping a close eye on how this pans out for the UK and, subsequently, for the success of the pound.

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Sterling cautious as ‘Freedom Day’ confirmed