Monday, September 7, 2020

European Morning Wrap


Germany says UK must make concessions in Brexit talks

Comments by the German government spokesperson - There is only little time left to reach a Brexit deal - But Germany is convinced it is still possible - But UK must make concessions for a deal to happen Different day, same story. Both sides are still pushing for each other to move their red lines but until we move... Read full article


EU's von der Leyen: I trust the UK to implement the withdrawal agreement

A tweet by European Commission president, Ursula von der Leyen I trust the British government to implement the Withdrawal Agreement, an obligation under international law & prerequisite for any future partnership. Protocol on Ireland/Northern Ireland is essential to protect peace and stability on the island & integrity of the single market.... Read full article


Pound extends decline on the session amid renewed Brexit pessimism

Cable falls to a session low of 1.3175, testing the low on Friday The pressure is starting to build for the pound now as sellers are threatening a further move to the downside, in search of a firm break under the 1.3200 handle.... Read full article


EUR/USD quiet to start the day, ECB in focus this week

EUR/USD not doing a whole lot with anticipation of a US holiday as well The pair is looking rather quiet, trading within a 24 pips range between 1.1825 and 1.1849 on the day and price action is also not suggestive of much change for now.... Read full article


UK health secretary: We have not lost control of the coronavirus crisis

Comments by UK health secretary, Matt Hancock - Rise in cases is largely among younger people - It reinforces the point that people must follow social distancing rules This comes on the back of the UK reporting nearly 3,000 new virus cases on Sunday - the most since 23 May. We'll see how the virus situation develops in... Read full article

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