In the UK more than 4 million people have now had their first dose of vaccine, and the new infection rate has fallen to under 50,000 (on a three-day average) for the first time in 2021.
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The dollar is slightly stronger this morning as rising COVID-19 cases have prompted the markets to opt for safe-haven currencies. There are also concerns about possible violence at President-elect Joe Biden’s inauguration on Wednesday.
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The ECB will announce their decision on interest rate this Thursday, which is expected to be kept on hold at 0.00%.
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On Wednesday this week, Andrew Bailey will speak again ahead of the monetary policy meeting in February. There will also be a raft of economic data releases on Friday.
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The pound is slightly weaker this morning but remains above significant levels against the euro and the dollar. Governor of the Bank of England, Andrew Bailey, will speak again this week ahead of the next monetary policy meeting…
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Last week sterling reached its highest level against the euro since May. Against the US dollar the pound remains at around its strongest since May 2018, and among its highest rates since the referendum in 2016. But can…
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The greenback has remained fairly stable against the pound and euro, as Joe Biden announces a $1.9 trillion coronavirus stimulus package. The number of unemployment claims continues to rise.
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The euro is still weakening against the pound and dollar this morning, after Biden's stimulus package announcement. The German economy has weathered the Covid storm rather well compared to its European counterparts, only shrinking by five per cent…
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