Market Comment - 7th March 2022

Posted by Stuart PritchardMarch 7, 2022

Good morning,

All eyes continue to be on the Russian invasion of Ukraine. As the conflict enters its 11th day there is further escalation in sanctions as both Visa and Mastercard cease operations in Russia with American Express to follow.

The ongoing conflict is pushing the price of oil ever higher with a barrel now at 13 year highs of $123.

Outside of this global news story the fx markets remain reasonably calm although the stock market in London is taking a bit of a battering.

The Pound remains strong versus the Euro but the Dollar is heavily favoured by traders at the moment so the Pound is looking increasingly weak over the pond.

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

EUR: 09:30 Sentix Investor Confidence

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