Monthly Currency Outlook | Reports

Monthly Currency Outlook - February 2021

Our February report outlines the key events and drivers that our analyst team expect to impact FX currency markets in the weeks ahead.

Monthly Currency Outlook Feb

Written by George Vessey, UK Currency Strategist 

Highlights include:

USD:   America’s pandemic-weakened economy remains at risk of slowing further over the months ahead.
CAD:  Canada’s central bank warned of negative first quarter growth as lockdowns to curb the spread of Covid-19 take a toll.
GBP: GBP/USD broke above the $1.37 threshold last month and could be laying down the foundations of a stronger uptrend this quarter.
EUR: The approval of new vaccine candidates within the EU, scheduled for late February, could revive some confidence in the euro.
JPY: The first political steps from the Biden administration will be closely watched by investors, notably debates in Congress around new stimulus and relationships between the US and China.