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  • Reuters

    Sterling falls vs euro to 7-week low ahead of Scottish election

    The pound slipped against the euro on Friday to its lowest level in seven weeks and was on track for its second consecutive week of losses against the common currency, with analysts attributing the fall partly to an upcoming Scottish parliamentary election. After a strong first quarter, helped by a speedy rollout of vaccinations against COVID-19 across the United Kingdom and by dwindling expectations of negative interest rates, sterling had a weaker start to April. While traders weighed indications of how Britain's re-opening of shops would affect the economic recovery, they also said investors had turned more cautious ahead of the Scottish parliamentary election on May 6.

  • Slow vaccine rollouts biggest risk to euro zone economy: Reuters poll
    Reuters

    Slow vaccine rollouts biggest risk to euro zone economy: Reuters poll

    The euro zone economy will recover at a much weaker rate this quarter than expected only a month ago, according to a Reuters poll of economists who cited a slower vaccine rollout as the biggest risk over the next three months. Britain and the United States have successfully inoculated large swathes of their populations but the euro zone vaccine rollouts, already riddled with problems, have hit more trouble recently just as infection rates rise. While the April 12-15 Reuters survey showed the bloc was set to emerge from a double-dip recession and grow 1.5% this quarter, it was a sharp downgrade from 2.1% predicted in March and the lowest consensus since a poll in October.

  • Economic Data and Geopolitics Keep the Dollar in the Spotlight
    FX Empire

    Economic Data and Geopolitics Keep the Dollar in the Spotlight

    Economic data from China failed to impress this morning. Later today, finalized inflation figures from the Eurozone and consumer sentiment figures from the U.S will be in focus.