It’s been an occasional tradition of this report to try and link major sporting events to fuel markets! With no spectators and an understandable lack of fanfare, most of us seem to have forgotten that Tokyo is hosting this year’s (delayed) Olympics.

Long summer evenings, shorts and sandals, pub gardens doing a roaring trade (hopefully) and holiday makers waiting to see which of this year’s holidays will be cancelled (hopefully not!). It’s the half-way point of the year, so let’s look back at the last 6 months and see how the markets have fared.