Sterling – Assuming a Trade Deal is Done
GBPUSD, Weekly The Pound has continued to trade neutrally, lacking domestically-driven directional impetus. The UK currency was a big underperformer during the global lockdowns earlier in the year, and is…
Read More »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…
Read More »Recap October 25: Paypal Now Allows Bitcoin – Oil slides (Recap Ep094)
In this week’s recap, we see that US stocks were heavily influenced by updates on the progress of the US government’s stimulus plans. Republicans now offer $ 1.9 trillion versus…
Read More »The Brexit saga continues – Pound on sell-on-the fact reaction?
The Brexit saga will continue this week. On Friday, the EU and UK trade representatives were planning to be continue their face-to-face (or facemask-to-facemask) meetings in London through to Sunday…
Read More »Sterling Holds to the Upside, PMIs disappoint
GBPUSD, H4 The Pound is trading neutrally, rebounding from a two-day low at 1.3051 in the case against the Dollar but struggling with 1.3100. While seeing limited and mixed changes…
Read More »Sterling Weekly Forecast – Brexit Talks Continue, Is the End Game Near?
Talks between the EU and UK restarted today and will continue over the weekend as negotiators from both sides battle against the clock.
Read More »British Pound Under Pressure as Brexit Talks Beleaguer UK & EU Officials
The British Pound may fall if EU and UK negotiators fail to reach a consensus as the December 31 deadline nears. The third presidential debate is on deck, how might…
Read More »Moody’s downgrades UK credit rating to Aa3 from Aa2, outlook stable
Moody’s cuts the United Kingdom This isn’t entirely unexpected but you hate to see it. Fitch recently affirmed the UK at AA-, which is the equivalent of Aa3. S&P remains…
Read More »UK’s Liverpool to go to strictest “third tier” of coronavirus lock down
UK city of Liverpool will go into the strictest "third tier" of new anti-coronavirus restrictions The full extent of the new levels of restrictions will be announced Monday
Read More »Recap September 27: New Quarantine, Stocks Dumped, Tesla makes promises (Recap Ep090)
In this recap, the US stocks had several declines and slight recoveries over the week, falling in tandem with oil & gold prices & worries among investors of further turbulence…
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