- Analytics
- News and Tools
- Market News
- European session review: GBP strengthens as more businesses reopen in England
European session review: GBP strengthens as more businesses reopen in England
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 06:00 | Japan | Prelim Machine Tool Orders, y/y | March | 36.7% | 65.0% | |
| 09:00 | Eurozone | Retail Sales (MoM) | February | -5.2% | 1.5% | 3% |
| 09:00 | Eurozone | Retail Sales (YoY) | February | -5.2% | -5.4% | -2.9% |
GBP appreciated against most of its major counterparts in the European session on Monday as investors reacted positively to the fact that the English non-essential shops, pubs, gyms and some other businesses reopened today after three months of closures, as part of Stage 2 of Prime Minister Boris Johnson's lockdown exit roadmap. Stage 3 is to start no earlier than May 17.
Boris Johnson called the easing of restrictions "a major step forward in our roadmap to freedom".
"I'm sure it will be a huge relief for those business owners who have been closed for so long, and for everyone else, it's a chance to get back to doing some of the things we love and have missed," he noted.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
