Market Comment - 3rd August 2021

Posted by Stuart PritchardAugust 3, 2021

Good morning,

The Pound has consolidated it's gains from last week and continues to hold the stronger line. Almost certainly this is a reflection of lessening Covid anxiety as parts of the UK continue with the unlocking program. Case numbers in the UK are dramatically lower than the Health Secretary feared. The weekend just gone was the predicted start of any potential reaction to July 19th's so called Freedom Day. At the moment it's looking like the vaccine rollout is proving successful.

There isn't a great deal of data out today. Factory orders in the US get released mid afternoon, but there's little else that's scheduled to affect the markets.

Tomorrow looks more likely to have a bit of movement with European retail sales out early doors followed by a raft of US data later in the day.

As ever we look forward to keeping you in the loop and look out for our next update.

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Today's Economic Calendar 

US: 15:00 Factory Orders

US: 19:00 FED's Bowman speech

NZ: 23:45 Employment numbers

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