Blogs

The West Texas Intermediate Crude Oil market has rallied quite a bit during the trading session on Friday again, as we continue to see bullish pressure build up

GBP/USD: Price approaching 2-month lows

EUR/USD: Persistent buying below 1.0800

South Africa is in discussions to lower its Covid-19 pandemic alert level to three by the end of May, according to its risk-adjusted reopening of the economy.

With the Eurozone in a recession, Germany entered one before the rest of the bloc after fourth-quarter data was revised lower.

Preliminary Japanese first-quarter GDP data decreased less than forecast but confirmed the economy entered a recession.

Stock futures push higher ahead of the cash market open See here for global coronavirus case data The pound is also a notable beneficiary as the currency ran up close to against the dollar before backing off a little now.

Well, for now at least See here for global coronavirus case data And this will also help to add a tailwind for equities/risk in the near-term as bond investors add to the optimism. The yields spread between 10-year Italian and German bonds has now narrowed to its tightest levels in five weeks to 206 bps.

GBP under pressure  The pressure on the GBP looks set to continue with monetary policy, COVID 19 cases, and Brexit cliff edge negotiations all conspiring against it. See here for global coronavirus case data

The UK publishes its post-Brexit tariffs plan – Global tariffs to replace EU common external tariffs starting from 1 January 2021 – Tariffs to be maintained for agricultural products like beef, lamb, poultry I think the more important thing to note is that the UK highlights that 60% of its trade will come in tariff-free […]