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The UK's vaccination drive has been disrupted as April is forecast to see less vaccines available, causing GBP value to sharply decline against the euro.
By Jonathan Watson
22.5 million Britons have now been vaccinated against COVID-19, helping the pound continue the strong performance it has been displaying in 2021.
UK economy suffers record 9.9% slump as growth data hits the headlines as sterling value looks to hold.
Despite the UK being deep into the third lockdown the pound has been edging higher in the last week.
The pound has started the week lower as the UK is plunged into another lockdown as COVID cases surge.
The pound enjoyed an excellent start to the week with reports of the AstraZeneca vaccine delivering hopes of better times ahead.
Brexit talks remain in the balance with just 65 days until the end of the year deadline when a no-deal exit will be triggered.
The pound strengthened during trading yesterday as optimism built because of the three days of Brexit talks beginning today in Brussels.
The pound suffered in yesterday afternoon’s trading as the Bank of England laid out a framework for negative interest rates.
Yesterday, the UK economy posted its largest quarterly decline on record, officially pushing the UK into recession and casusing sterling volatility.
Brexit negotiations to impact GBP rates as the US and Eurozone release key GDP data later this week.
Sterling's rally against the Euro has been hampered due to the European Union agreeing terms on a €750 Coronavirus recovery programme.
Boris Johnson has announced extensive spending plans to kickstart the economy which has provided sterling with some much needed support.
Read our weekly currency overview for the latest developments on GBP, EUR and USD exchange rates.
In this article, we look at what is up ahead for sterling, its recent performance and why it has been labelled the 'worst performing currency in May.'