The pound has dropped despite upbeat Uk jobs report and weaker US dollar. The Uk unemployment rate report showed a drop to 4.9% which is 0.1% less than the expectation of 5% whereas the Claimant count has dropped to 10.2 k which is significantly less than the expectation of 113 k ,The figure is also less than the previous record of 67.2 k.
The global covid infections has grew to a alarming level of 12% on the weekly basis, which is led by the jump in India’s new cases. Thus the US has decided to put over 80% of the globe under the “not to travel” list and the UK has also being following travel restrictions. The same virus woes push Japan towards recalling the emergencies once led in Tokyo and surrounding prefectures.
The UK has announced relief for the British truckers over Brexit norms on Tuesday. As per a news “Britain on Tuesday eased controls designed to prevent a backlog of trucks in southern England caused by new post-Brexit paperwork, saying vehicles taking goods to the European Union would no longer need a special permit to enter the port region.”
The Consumer Price Index (CPI) for March month is due by early today at 6.00 GMT. The headline CPI inflation is expected to move from 0.4% prior to 0.3% on an annual basis while the Core CPI, which excludes volatile food and energy items, is likely to improve from 0.9% previous readouts to 1.2%. To see on the monthly figures, the CPI could jump from 0.1% to 0.3% during March.
Elsewhere, Johnson & Johnson announced Tuesday that it will resume the distribution of its COVID-19 vaccine in Europe after the European Union’s (EU) medical regulator approved of the same but with a safety warning. J&J Chief Scientific Officer Paul Stoffels said: “It’s an extremely rare event. We hope by making people aware as well as putting clear diagnostic and therapeutic guidance in place that we can restore the confidence in our vaccine.”
GBP/USD 4 Hour Chart:
Latest
Popular
Trending
Archives
Search
Top Tags