Market insights

Market Comment - 2nd December 2021

Good morning,

Overnights price action was relatively subdued. No real moves in the markets. There was little news out yesterday or overnight too which would have contributed to this low volatility.

Eyes are eagerly on any further updates on the Omicron variant and the possible knock on effect to both international travel and Christmas. The note has certainly become more cautionary as works Christmas parties are starting to be cancelled in large numbers to protect employees and the public. Spain has also introduced firmer measures for anyone entering the country, so even a small escalation of the Omicron story could have a big knock on effect.

Other than that there is little to report at this stage. There are initial jobless claims out from the States today, but other than that there's no major, scheduled news.

As ever we look forward to keeping you in the loop and look out for our next update.

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Today’s Economic Calendar

US: 13:30 Initial Jobless Claims

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Economic calendar

As ever we look forward to keeping you in the loop and look out for our next update.

Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.

Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.

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