Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Oil is continuing its new year rally, with prices hitting their highest level since last February as the reflation trade gathers pace. Brent crude, the benchmark, has jumped by another 1% overnight, back over the $57 per barrel mark, amid expectations for a pick-up in demand this year as the global economy emerges from the pandemic.
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Daz from Bolton is thrilled as the macro-economic landscape becomes more stable, in fact he’s summed it up with the pithy slogan, ‘nuffin ta doo wiv Brexit’