Dollar’s sell-off accelerates, despite of a generalized dismal mood. Government bond yields surge, stocks plunge as inflation concerns mount. Upbeat German data provide further support to the shared currency.
GBP/USD recovered the ground lost and trades near its weekly high, despite a souring market’s mood. UK PM Johnson's announcement of additional easing of restrictions boosted the pound on Monday. BOE Governor Andrew Bailey is set to speak later on.
The cryptocurrency market experienced a crash as the flagship cryptocurrency tumbled. Although some altcoins are recovering, Bitcoin price is still scrambling to find a support level and might trigger another sell-off soon.