XE Market Analysis: Europe – May 06, 2021

Narrow ranges have been prevailing into tomorrow’s April nonfarm payrolls report out of the U.S., alongside a number of other data releases and monetary policy decisions from the Norges Bank and BoE. There are also local elections in the UK which have the potential to embolden the Scottish independent movement. The pandemic remains a concern in many places around the world, particularly in India, which reported a new record high in new cases today.