Thursday, October 22, 2020

European Morning Wrap


BOE's Bailey: After the crisis, businesses will need equity investment on a scale not seen in normal times

Remarks by BOE governor, Andrew Bailey There isn't much else besides the headline comment for now, and it is likely he won't be touching on policy at all in the panel discussion today as it pertains more towards sustainable finance and climate change.... Read full article


UK October CBI trends total orders -34 vs -50 expected

Latest data released by CBI - 22 October 2020 UK manufacturing orders continued to fall, but the pace of the decline in October eased despite a resurgence in virus cases. The reading is still relatively low on a historical level but this is the highest since March with CBI noting that:... Read full article

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BOE's Haldane: We are studying negative rates, but doesn't mean that it will be used

Further comments by Haldane The messaging from the BOE on negative interest rates policy (NIRP) is still a confusing one, as evident by comments by MPC member Vlieghe yesterday and .... Read full article


Cable eases to 1.3100 as the dollar keeps steadier so far on the session

The dollar is maintaining a slight advance for the most part thus far The dollar is holding its ground on the session and is keeping a modest advance against the pound, as cable slips to a session low of 1.3093 and testing the 1.3100 handle.... Read full article

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Dollar comes up for air after the London fix

Some dip buying

The dollar is showing a slight pulse following the London fix. It's been trounced today on several fronts but it's gotten extreme on a few of them; GBP/USD in particular.

Cable hasn't come down much but the good news on Brexit is all out there.

Some dip buying

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