Market insights

Pound Rates Hold Steady

Against most major currencies, the Pound is tracking sideways.

With no major news over the weekend, it's unlikely this will change a great deal.

Eyes will be on the UK public sector net borrowing position at breakfast tomorrow as the Chancellor is changing the rules on how the Government can borrow money for certain infrastructure projects.

The idea is for borrowing to be passed if just cause is provided.

Business news reflects on a significant change to the UK benefits position. Since lockdown the number of long term sick has gone up with a large gain in younger people leaving the workforce.

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Economic calendar

UK: Tuesday 07:00 Public Sector Net Borrowing

As ever we look forward to keeping you in the loop and look out for our next update.

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