GBP 
The last Bank of England rate meeting was always going to be about one thing; would the bank walk towards or away from negative interest rates? Since the start of the year Governor Bailey’s comments had been interpreted as walking back market expectation from the Bank using negative interest rates. The fact that the UK

S&P 500 futures down 0.5% now
Meanwhile, European equities are also keeping lower with the DAX down 0.6% and other indices are also trading thereabouts on the session currently.

Office for National Statistics
However, with the UK having vaccinated around 20% of their population these furloughed workers will be able to spend their savings made during teh lockdown and boost the economy. Expect that to boost the GBP, the FTSE100, but the FTSE250 most of all due to its balance of financial and service sector

UK ahead of the curve 
Israel, UAE, and UK leading the charge in the vaccination race. Further good news for the FTSE100 and the GBP this year (post Brexit boost) the quicker this continues. 

They didn’t say stop, they didn’t say go
Major pairs very flat, but that is unsurprising given the lack of economic data this week. 
Good time to do a bit of learning. Check out the link below: 

Knot on the wires
ECB’s Knot is a hawk. Watch out for any comments on EUR strength and how the ECB could counter it. 
ECB wants to keep a check on EUR strength so it doesn’t harm their export based economy. 

Gold vs real yield: The one chart you need
Gold prices (blue line) are being supported by falling real yields (gold line). Yesterday’s weak US CPI reading caused US10Yrs to fall pressuring real yields further to the downside. 

Latest data from the Mortgage Bankers Association for the week ending 5 February 2021
The drop stems from a decline in both purchasing and refinancing activity, with the long-term mortgage rate creeping higher amid the push higher in yields as well.

EU wants an extension until 30 April to ratify Brexit trade agreement
As things stand, both the EU and UK are running with a provisional application of the deal – which is supposed to last until the end of February.

Comments by ECB policymaker, Pablo Hernandez de Cos