Written by rjs, MarketWatch 666The news posted last week for the coronavirus 2019-nCoV (aka SARS-CoV-2), which produces COVID-19 disease, has been surveyed and some important articles are summarized here. The articles are more or less organized with general virus news and anecdotes first, then stories from around the US, followed by an increased number of items from other countries around the globe. Economic news related to COVID-19 is found here.
Weekly Fundamental British Pound Forecast: Sterling Seeking Semblance of Stability
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Fundamental Forecast for the British Pound: Neutral
As UK vaccination rates have slowed, coupled with a backdrop of calmed UK Gilt yields, the British Pound’s relative appeal that carried it through the first three months of 2021 has been tarnished.
There’s certainly an argument to be made that there will be more event-driven risk in the week ahead than what GBP-crosses have experienced thus far this month.
The IG Client Sentiment Index suggests the British Pound has a mixed bias heading through mid-April.
Sterling Has Struggled as Vaccinations Slow, UK Gilt Yields Steady