Sterling and Euro rates stable

By Tom Arnold

As the week begins we see the trend of the back end of last week continuing, with Sterling and Euro fairly stable, but the US Dollar still on the back foot. Europe is benefitting from an increase in pace to their vaccination rollout scheme and a more upbeat than expected view on the economic situation from the ECB last Thursday. The US Dollar has been under pressure following a drop in US equity yields last week, with fears over tax increases from new President Biden weighing heavily on US sentiment.

Slow start to the week ahead with little data of note out until Wednesday when the highlight is the FED monthly policy statement. Thursday and Friday have plenty of data out, with GDP for both the US and Europe, which will give a good view of how the respective economies are holding up with Covid lockdowns still in place across much of Europe.


German IFO Economic Assessment

US Durable Goods Orders


US House Price Index


Australian CPI Inflation

German Gfk Consumer Confidence

ECB President Lagarde Speech

US Federal Reserve Interest Rate Decision and Policy Statement


UK House Price Index

German Unemployment

European Consumer Confidence

German CPI Inflation



German GDP

European GDP

European CPI Inflation

European Unemployment