It was another dull session in a week that has seen the drama that has defined much of May wholly absent.
Emblematic of this colourless trading is the FTSE, which once again started the session unchanged at 7,040. Investors may be warily waiting for more news on the so-called ‘Indian’ strain of covid-19, and what that might mean for the UK’s lockdown-easing plans, before making any further moves.
The pound was just as lifeless, dipping 0.1% against the dollar but rising the same amount against the euro. That means GBP/USD, which had briefly crossed $1.42 on Tuesday, it back stuck at $1.4144.
The Eurozone was just as sluggish this Wednesday, with the DAX and CAC both up 0.1%, and just short of 15,500 and 6,400 respectively.
The Dow Jones is looking a bit livelier, with the futures pointing to a 0.3%, or 100-point, increase after the bell. But even then, that’d only lift the index back above 34,400, the level it had started at on Tuesday.
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