During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
British pound hits day’s minimums as UK inflation stands still
On Tuesday, the British pound declined to the day’s minimums versus the US currency after data demonstrating that Britain’s annual inflation rate suddenly remained intact in July, thus relieving pressure on the Bank of England to lift rates.
The currency pair GBP/USD slid 0.36% trading at 1.2918.
Consumer prices rallied 2.6% versus 2016, as the Office for National Statistics informed. It’s moderately below economists' hopes for a 2.7% annual ascend.
Descending motor fuel prices were compensated by higher prices for utilities, clothes and food, as the ONS reported.
Excluding crude prices as well as other volatile components, including food, core consumer price inflation inched up by 2.4% from 2016, versus economists' hopes for 2.5%.
In July, the level utilized by the government to set rail fare hikes, the retail price index grew by an annualized 3.6% versus 3.5% in the previous month.
Financial experts had hoped for an intact outcome.
USD’s rally takes a pause, while riskier assets are modestly rising.
We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.