Last week saw the first signs that an economic recovery is underway in the UK were seen on busy high streets and roads last week and in figures released by the Office for National Statistics (ONS).
Last week, England returned to two of its favourite occupations last week, shopping and socialising over a drink, as lockdown measures were eased; as a result pound also fared well against the euro, despite a midweek dip, it gained half a euro cent over the week.
Last week got a long overdue trim over other currencies hard-won gains to finish the week at nearly two and a half euro cents lower than it started. The worries over the danger to health from the Astra Zeneca vaccine came to the fore almost simultaneously with Europe showing a more coordinated approach to vaccination.
In the run up to Easter, the currency markets remained dominated by the familiar themes of vaccinations and infections, with a strong link between the vaccination programme’s speed and the strength of the currency.