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Good afternoon,
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.
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.
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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)
