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March in the Markets.

Bank of England Reports Published in March 2021

PRA Regulatory Digest – March 2021 – Read the report

The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.

Monthly Decision Maker Panel data – March 2021 Read the report

The Decision Maker Panel (DMP) is a survey of Chief Financial Officers from small, medium and large UK businesses. We use it to monitor developments in the economy and to track businesses’ views.

Bank Rate maintained at 0.1% – March 2021 Read the report

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.

Trading relationships three months after Brexit

From: The BBC

  • Three months on, new trading relationships are being sought, but the disruption to European trade has been significant.
  • Starting with fish, it extends across the food sector, and a different set of problems beset Scottish engineering firms.
  • Smaller companies face the biggest problems with multiple consignments in one truck. And without guaranteed delivery, customer sentiment is shifting, to find more reliable trading partners.

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How to Trade the Impact of Politics on Global Financial Markets

From: Daily FX

Against the backdrop of eroding fundamentals, markets become increasingly sensitive to political risks as their capacity for inducing market-wide volatility is amplified.

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Risk Appetite Shift Pushes Dollar Higher

From: Daily Forex

A shift in risk appetite as a result of the growing concerns over the spread of the coronavirus in much of Europe pushed the US dollar broadly higher.

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U.S. dollar crowns best quarter since June 2018 with one-year high vs yen

From: Reuters

The dollar rose on Wednesday, hitting a one-year high versus the yen and multi-month peaks with other currencies as investors bet fiscal stimulus and aggressive vaccinations will help the United States lead a global pandemic recovery.

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Euro zone inflation continued to surge in March

Euro zone inflation jumped in March, taking another step higher in what is likely to be a temporary but sharp climb that may put consumer price growth above the European Central Bank’s near 2% target later this year.

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FX Rates in March

GBP/EUR

Mar High: 1.1727
Mar Low: 1.1549
Feb End: 1.1727

 

GBP/USD

Mar High: 1.3872
Mar Low: 1.3681
Mar End: 1.374

 

EUR/USD

Mar High: 1.2094
Mar Low: 1.1716
Mar End: 1.1716