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Survey of CEOs find a quarter of UK workplaces expect to reduce headcount next year.
The Euro has gone back and forth during the Monday trading session as it looks like the 1.22 level is going to cause a bit of resistance.
The direction of the EUR/USD on Monday is likely to be determined by trader reaction to the pivot at 1.1216.
Those buying travel insurance could be left out of pocket after being left with a false impression of the level of protection they might benefit from.
Millions of people in the UK can now socialise indoors under Boris Johnson’s next stage of his roadmap out of lockdown.
EUR/USD is trying to get to the test of the resistance at 1.2155.
The dollar edged higher in early European trade Monday, with this safe haven supported by concerns over fresh Covid-19 outbreaks in some Asian countries. “This means that in the coming months, the prime USD drivers should be deeply negative front-end real rates and the rebounding global economy.”
Economic data from China came up short of forecasts early this morning. With the economic calendar on the lighter side, stats from the U.S will put the Dollar back in focus.
Consumer champions at Which? found prices for the same holiday cottages on the same dates can vary by hundreds of pounds and include significantly different booking terms.
Brexit minister David Frost urged European officials to work with Britain to solve problems arising from the so-called Northern Ireland (NI) protocol, which draws a trade border in the Irish Sea.
It has been a tough year for travel companies with prolonged lockdowns and uncertainties meaning many have had to lean heavily on government support schemes.
Prime minister Boris Johnson also said in a press conference on Friday that the variant could pose a 'serious disruption' to life returning to some normality in England on 21 June.
Things are slowly returning back to normal in the UK. On Monday, England will enter the third stage of its roadmap out of lockdown, with the reopening of indoor dining, pubs, entertainment and foreign travel.
With indoor service resuming from Monday 17 May, the majority of the two thirds (67.1%) of venues that had not reopened by the end of April will now have the option to do so — though nightclubs are still not able to return.
It’s a busier week ahead on the economic calendar. Private sector PMIs will draw plenty of interest late in the week. Geopolitics will also be in focus in the week.