The Pound strengthened following better than expected UK employment data yesterday. However, in the latter half of the day the Pound experienced a slight pull-back. This morning, UK consumer price index inflation disappointed the market at 0.7% compared to 0.8% that was forecast, although this has had little effect so far. Bank of England Governor Bailey will be speaking later which will be closely monitored by the market.
Euro (€) Germany has reported 24,884 new virus cases today along with 331 deaths which is the highest daily death count since 4th March. However, Johnson & Johnson will resume delivering its vaccine to the EU which helped limit losses for the Euro.
US Dollar ($) US Treasury bond yields have stabilised prompting the Dollar to strengthen slightly from its lows yesterday. In addition, the reintroduction of stricter lockdown restrictions worldwide has renewed some demand for the Dollar’s safe-haven status.