Skip to content Skip to footer

UK on “Road to Freedom” after vaccine success – 22nd February

This evening, the UK government is announced its plan for bringing the country, and economy out of lockdown.

After being in lockdown since December 20th, Prime Minister Boris Johnson set out his “cautious plan” on restarting the nation, but did promise that the UK was “now travelling on a one-way road to freedom”

This comes as the UK has been one of the world leaders in vaccinating its citizens, with over 17 million people now receiving the first dose of a vaccine.

To start, the government had targeted close to 13 million people for vaccine distribution, however with the help of the national lockdown have been able to reach more people than initially expected.

As a result, the Pound has recently strengthened against most other major currencies.

Sterling hits 3-year high, Stocks down to start the week

As mentioned above, the Pound has recently strengthened as the UK government continues to lead the way in vaccinating its citizens.

GBPUSD rallied to its highest levels in close to over 3-years earlier today, hitting 1.4076 in intraday trading.

Sterling also gained on the Euro, printing close to a 1-year high, however as a result of a stronger Pound, London’s FTSE 100 closed in the red today, falling 0.18%.

This trend continued across the pond, with the major U.S. indices all trading lower to start the week.

As of writing the benchmark S&P 500 was down 0.23%, with the tech heavy NASDAQ falling 1.5%.

Bitcoin drops, as Tesla said to have made $1bn from crypto investment.

After recently climbing to as high as $57,500 over the weekend, Bitcoin fell to start the week, as traders likely took profits at the record high.

The plunge comes as it was recently reported that Tesla had made over $1 billion from its Cryptocurrency holdings since it declared its investment in the coin back in January.

Elon Musk, Founder and CEO of Tesla tweeted his position on recent investment in Bitcoin as shown below.

Many bulls believe BTCUSD could go to as much as $100,000 in 2021.

Quote of the day – “Every day I assume every position I have is wrong.”

Paul Tudor Jones

To stay up to date with the markets we encourage traders to view our Trade Gate Hub for more real time insights into Crude, Gold and many other markets.

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.