Pound (£)

Sterling has made an unusually poor start to the month. April is normally a strong month for the pound having risen 1.5% on average over the last 20 years. The PMI market survey for the construction industry came in better than expected this morning. This followed yesterday’s survey for the services’ industry, which although below forecasts still came in within expansion levels.

Euro (€)
The European Union’s medicines regulator have confirmed that unusual blood clots should be listed as very rare side effects of the AstraZeneca vaccine. German construction data for March came in better than expected this morning.

US Dollar ($)
The Dollar has weakened after Federal Reserve President Charles Evans commented overnight that“ it is too early to start talking about QE tapering“ reinforcing the central banks loose monetary policy. Chairman Jerome Powell is due to speak later today where he is expected to reiterate the same message.