A Quiet Economic Calendar Leaves Central Bank Chatter and COVID-19 in Focus
Earlier in the Day:
It was a particularly quiet start to the day on the economic calendar this morning. There were no material stats to provide the majors with direction in the early hours.
The lack of stats left the markets to consider COVID-19 news updates from the weekend and plans to combat the pandemic.
The Day Ahead
For the EUR
It’s a quiet day ahead on the economic data front. There are no material stats to provide the EUR with direction.
The lack of stats will leave the EUR in the hands of COVID-19 news updates, as the Delta variant continues to push new cases northwards.
At the time of writing, the EUR was flat at $1.1806.
For the Pound
It’s also a quiet day ahead on the economic calendar, with no major stats from the UK to consider later today.
On the monetary policy front, BoE member Haskel is due to speak late in the day. Expect any views on the economic outlook, COVID-19, or monetary policy to influence.
Away from the economic calendar, COVID-19 news updates will also need monitoring. Any announcement by the UK government to delay removing existing restrictions would test support for the Pound.
At the time of writing, the Pound was down by 0.05% to $1.3760.
Across the Pond
It’s a particularly quiet day ahead on the economic calendar.
There are no major stats to provide the Dollar and the broader markets with direction later in the day.
The lack of stats will leave the Dollar in the hands of FOMC member chatter and COVID-19 news.
At the time of writing, the Dollar Spot Index was up by 0.02% to 92.705.
For the Loonie
It’s also quiet day ahead on the economic data front. There are no material stats to provide the Loonie with direction.
A lack of stats will leave market risk sentiment as the key driver on the day.
At the time of writing, the Loonie was down by 0.11% to C$1.2627 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.