US MBA mortgage applications w.e. 30 April -0.9% vs -2.5% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 30 April 2021
–  -2.5%
– Market index 700.4 vs 706.6 prior
– Refinancing index 3,188.7 vs 3,185.3 prior
The drop in mortgage applications in the past week stems from a decline in purchase activity once again, which has been keeping more subdued in recent months amid the jump

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UK PM Johnson: Most people in Scotland feel now is not the time for a second independence referendum 0 (0)

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

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France says that vaccinations set to top 3 million injections this week 0 (0)

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.

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Risks are skewed to the downside for the pound going into the BOE – BNP Paribas 0 (0)

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

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