Sterling (GBP) Weekly Outlook – Brexit Deadline Nears as UK PM Johnson Comes Under the Spotlight

The UK Prime Minister Boris Johnson has had an uncomfortable week and next week is likely to continue in the same vein as Brexit and Covid-19 worries continue.

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UK will extend its wage covering scheme during the new coronavirus lockdown

UK Prime Minister Johnson has announced the new COVID-19 related lock down. In brief details of the new measures are here: The wage furlough scheme is to continue for workers…

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GBP/USD remains steady above 1.2900 despite hard-Brexit speculation

The sterling has shown resilience on Friday and managed to trim previous losses against the US dollar despite UK PM Boris Johnson’s plea to prepare fo

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Recap August 30: Elon Musk Next Richest Man – Stocks At Record Highs (Recap Ep086)

In the recap of this week, we found that U.S. stocks end higher, Dow wipes out its 2020 losses at open temporarily. U.S. stock index the S&P 500 futures rose…

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Japan press reports that PM Abe hospital visit is for a regular check up

Kyodo press with the info on the Prime Minister’s hospital visit. Said to be for a regular check. Either that or he took a turn after hearing the GDP result:

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Australian PM Morrison says cost of new coronavirus outbreak to the economy will be circa $7-$9b in Q3

Estimates of the cost of the Victorian stage 4 restrictions cited by the PM are those via Treasury – unemployment likely to hit 10% – effective unemployment rate expected to…

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Weekend Australian media – more China retaliation against Australia expected

A piece in a national newspaper in Oz over the weekend says to expect more tariffs imposed by China  Due to PM Morrison floating the idea of providing safe haven…

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