Delta variant and supply chain concerns spark “risk off” moves - MacroWatch 20210913

• The ongoing global spread of the COVID-19 Delta variant and the concerns regarding the new Mu variant, have impacted on growth expectations.
• In addition, ongoing supply chain worries have continued to fuel inflation fears and accentuate growth concerns.
• These factors leave global financial markets vulnerable to erratic, “risk off” moves.
• On Thursday the European Central Bank (ECB) trimmed pandemic bond purchases, though this had limited market impact.
• In the UK, the government secured tax increases of £12 billion for social care and the National Health Service.

Market Chartist: Sign up for a 7-day Free Trial and get over 200 reports per month: https://mc.fxexplained.co.uk/
For more information: https://www.fxexplained.co.uk/
Follow us on Twitter: https://twitter.com/fxexplained
Like us on Facebook: https://www.facebook.com/fxexplained/
Follow us on Instagram: https://www.instagram.com/fxexplained/