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Exit strategy

Today's news headlines: 

‘Boris Johnson pressured by Tory MPs to lift lockdown by end of April’. The UK’s vaccination efforts have now seen a monumental 15 million people receive their first dose as of yesterday, which is causing MP’s to place pressure on the Government to ease lockdown measures by the end of April. More than 60 MP’s wrote to the PM last week demanding a roadmap for lifting all restrictions. A letter from the Covid Recovery Group argued that the government has no justification for keeping restrictions once all nine priority groups have been vaccinated. About 32m people fall into one of these groups, which has accounted for 99% of Covid deaths and 80% of hospitalisations. (Financial Times)

‘Senate acquittal exposes deep Republican rifts over Trump’. Donald Trump’s second impeachment acquittal has increased the levels of friction within the Republican party, between those who wish to break from the former President and those who still support his method of politics. The final vote of 57/43 fell 10 short of convicting Mr Trump, and led to a war of words between Republican Senate leader, Mitch McConnell and Senator Lindsey Graham. Trump—who has kept a low profile since President Biden’s inauguration last month—seemed to make his future political intentions clear stating ‘Our historic, patriotic and beautiful movement to Make America Great Again has only just begun’. (Financial Times)

Today's events, rates, and data 

  • The week begins with a gain in global stocks due to signs of slowdown in the rate of coronavirus spreading. The Nikkei 225 hit 30,000 for the first time since 1990, whilst European and US stock futures also rose. The Pound touched the 1.39 mark against the Greenback and consolidated around the 1.1450 level against the Euro.  

Today's events

China Bank Holiday: All Day
US Bank Holiday: All Day
Canada Bank Holiday: All Day
Japan Revised Industrial Production: -1.0% vs -1.6% previously
Eurozone Industrial Production: 10.00am

Interbank rates

GBP/USD: 1.3895
GBP/EUR: 1.1450
EUR/USD: 1.2130
USD/CAD: 1.2675