Trending The ‘vaccine trade’ thesis may also be close to coming to an end, given the rather cautious and sluggish path out of lockdown announced yesterday by the PM.
“Labour market data is due from the UK this morning, and will likely show a rise in unemployment, though this shouldn’t weigh on sterling too significantly, given that the data remains heavily skewed by the furlough scheme.”
George Vessey UK currency strategist for Western Union Business Solutions, shared his insight yesterday.
“Ahead of the UK Budget next week, all eyes are on the UK government’s plans to reopen the economy, which is looking promising for the UK growth outlook relative to its European peers, Vessey said.
Dollar slides on improving European, U K economic outlooks, commodities bounce
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Dollar slides on improving European, U K economic outlooks, commodities bounce
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