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Market Comment - 26th March 2021

Posted by Stuart PritchardMarch 26, 2021

Good afternoon,

EUR:

The euro has continued in a weaker vein this morning, the slower roll out of the vaccine and the recent increase in Covid-19 cases continue to weigh heavy on the single currency. 

This may in turn lead to stricter restrictions within the affected countries and even an extension to the current conditions.

GBP:

Sterling has firmed up overnight, following showing a softer tone in the previous 24 hours. 

UK Retails Sales for February released at 7am this mornings were in line with expectations, showing rising MoM figures of 2.1%, a positive sign following the decline of 8.2% in January.

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. 

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Todays economic calendar 

GER: 09:00 Ifo Business Climate (March) 

ITA: 09:00 ISTAT Business Confidence  

ITA: 09:00 Consumer Confidence (March)  

US: 13:30 Personal Income / Consumption (February) 

US: 14:00 Final Michigan Consumer Sentiment (March)  

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