Coronavirus has made it's way onto the front page again for the first time in a long time. This is in reaction to the two year anniversary of lockdown but also a surge in positive tests. However the number of positive tests and the hospitalisation rate has firmly decoupled indicating the Omicron strain is highly transmissible but less severe. At this stage the UK is continuing to come out of all lockdown measures and the markets aren't being affected.
The other main story of the Ukraine conflict is also taking a different line today as the Ukraine President, Volodymyr Zelensky, considers moving away from joining NATO and moves to a stance of neutrality in order to satisfy Russia. The outcome of this could be the game changer.
Market news is thin on the ground following the weekend. However the Bank of England Governor, Andrew Bailey, is giving a speech later that could affect GBP rates.
GBP/EUR continues to remain towards the top of the mid term range and GBP/USD continues to track sideways.
As ever we look forward to keeping you in the loop and look out for our next update.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.
Today’s Economic Calendar
UK: 12:00 Bank of England Governor Speech
© 2022. RegencyFX Ltd. All rights reserved. *Third party fees may apply.
Payment services for RegencyFX Ltd are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: The Steward Building 1st Floor, 12 Steward Street London E1 6FQ.
The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). In the US Currency Cloud operates in partnership with CFSB. CFSB fully owns the bank program and services are provided by The Currency Cloud Inc.