Pound (£)

The Pound has continued to perform well against both the Euro and the Dollar as Prime Minister Johnson laid out his 4-stage plan to ease lockdown restrictions. The UK unemployment rate has increased to 5.1% although this was expected whilst average earnings and the claimant count change beat forecasts.

Euro (€)

Yesterday, German ifo business climate data came out better than anticipated at 92.4 instead of 90.5. This has given the Euro some support against a weaker Dollar but it has struggled against a stronger Pound.

Dollar ($)

The US House Budget Committee has voted to progress to the next stage of signing off the proposed $1.9tn fiscal package. This has kept the demand for the Dollar’s safe-haven status low which has led to the greenback weakening against the Pound and Euro.