A very quiet start to the economic calendar greets the markets this morning. With ‘Freedom Day’ fast approaching, and now only a week away, markets appear to have taken a breather with the pound falling slightly to open up the new week. At the time of writing, GBPEUR is sitting at 1.1683 and GBPUSD at 1.3868.
After being carried throughout the first half of 2021 by first the promise of a vaccination programme that would be unrivalled, and then the successful deployment of said programme, sterling slowly become one of the strongest major currencies. Boris Johnson has reiterated the UK Government’s stance of the easing of restrictions in one weeks’ time, but has however urged caution to the relaxed measures. It is being reported by the BBC that the current infection rate is 30,000 cases per day. The aim is for that number not to rise, however that will be hard as society returns to normality.
Throughout Europe and America, cases have also continued to rise with French President Emmanuel Macron due to address the situation with the nation. The vaccination programme within both America and Europe has kept up pace, with a lot of the venerable members of the population receiving both doses of their vaccine.
Have a great day.
Jack Nicholls, Relationship Manager.
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