Sterling was on the up as it said farewell to 2017. Gains were made against the euro and US dollar after Italy’s President Sergio Mattarella dissolved parliament to pave the way for a general election in March. Yesterday’s bank holiday meant the pound had to wait until today for a domestic data release. This comes in the shape of the Markit manufacturing Purchasing Manager Index figure for December, which is expected to dip slightly after recording its strongest level in four years in November. Tomorrow sees the release of PMI construction data for last month.