The greenback eases slightly across the board
EUR/USD has pared its earlier losses from 1.1990 to 1.2015 while GBP/USD has also bounced off lows of 1.3876 to 1.3925 currently as the dollar eases a little.

Remarks by UK prime minister, Boris Johnson
Adding that a second Scottish independence is „reckless“.
The UK local elections takes place tomorrow and while the Tories will have no issues on the political front, a lot of eyes will be on whether or not the SNP can garner a majority in Scotland and push forward with a

Remarks by NY Fed president, John Williams, to the Wall St Journal
In short, he is mainly reaffirming that the Fed put is still in play and that they don’t see anything wrong with leaving the punch bowl as it is now.

Forex news from the European trading session – 4 May 2021
Headlines:
Markets:
– USD leads, NZD lags on the day
– European equities mixed; S&P 500 futures down 0.2%

Comments by the French health ministry
The figure last week was 2.7 million vaccine injections being administered, so things are slowly gathering pace at least. France also says that they are seeing more confidence in the AstraZeneca vaccine, so that is another positive element.

BNP Paribas says a lot of positives have already been priced in for the pound
Adding that a lot of positive news are already baked into the price and hawkish interpretations of the slowdown in QE purchases should be limited, with the BOE opting for a two-step taper process potentially seen as a more dovish action

EUR/USD falls to a low of 1.2000 on the day
A break below that will put the focus on the 38.2 retracement level of the April swing move higher @ 1.1980 before getting to the 200-day moving average (blue line) @ 1.1940.

Latest data released by the BOE – 4 May 2021
Credit conditions are keeping more subdued though with consumer credit seen down 8.6% year-on-year, though the reading should generally improve due to the falloff seen after March last year amid the pandemic impact.

Bild reports on the matter
This was already floated at the end of last week via German health minister, Jens Spahn, who said at the time that the government is looking at ways to exempt people who have been vaccinated or recovered from COVID-19 from current restrictions.

EUR/USD trades at the highs today, up 0.3% to 1.2055 currently
The 100-day moving average is seen @ 1.2051 today and will be a key point of contention to watch but further resistance is still seen from the key hourly moving averages, which are seen @ 1.2070-85. Keep below that and sellers stay in near-term control.