Pound edges higher, cheering hopes of early easing of lockdown in UK, overlooking Brexit woes.
Although, chatters that UK PM Johnson is pressured to reopen the schools from March 08, are keeping GBP gains in check. Fears that Britain will strike back to the European Union’s ban on British shellfish also capped gains.
China’s push for removing the US sanctions and a fresh start to the trade-political ties also weighed on the sentiment. Irish border is going to get tough for the UK’s meat exporters from today until June weighing further on the pair. On the other hand, comments from Israel regarding Pfizer vaccine’s ability to handle the coronavirus variants favoured market sentiment.
Going forward, UK PM Boris Johnson’s comment will be the key drivers. Comments from the UK’s Raab will also be eyed as retaliation from China may weigh on the risk.
05 Mar 2021 06:06 PM
Key factors to keep in mind before the US markets open
05 Mar 2021 05:08 PM
India's foreign exchange reserves rose to $584.55 billion as of Feb 26, compared with $583.87 billion a week earlier, the Reserve Bank of India.
05 Mar 2021 04:36 PM
Have a look at how Indian rupee ended the day
05 Mar 2021 03:51 PM
Indian equities fell for a second straight session today and snapped their three-day gaining streak as investors remained spooked by a sharp rise in US yields. Sensex managed to hold 50,000 and closed below 441 points, but Nifty gave up 15,000.
05 Mar 2021 03:00 PM
Pound fell and traded around 1.3830 as Dollar extended gains following Powell’s dovish comments leading to an upward rally in US yields.
05 Mar 2021 02:56 PM
Find out how European markets are reacting today