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Wed 28 Oct 2020 21:06GMT

Usa News

Latest 10 news items tagged Usa

Pound (GBP) Soars as Brexit Hopes Return as EU Looks to Break Deadlock Published: 21 Oct at 5 PM 2020
<h3>Pound (GBP) </h3> Sterling soared against many of its peers after the European Union (EU) appeared to make a U-Turn on Brexit talks, with Michel Barnier, the EU’s Chief Negotiator, suggesting a way of unlocking the deadlock in Brexit talks. A spokesman for Downing Street said: ‘We note with interest that the EU's chief negotiator, speaking to the European Parliament this morning, has commented in a significant way on the issues behind the current difficulties in our talks.’ As a result, GBP investors are...
Pound (GBP) Rises on Hopes of Brexit Deal Published: 19 Oct at 4 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) rose against many of its peers today on growing hopes that a post-Brexit trade deal between the UK and the EU is altogether possible, despite Prime Minister Boris Johnson’s hints that he would prefer an Australia-style Brexit. The European Commission’s vice president Marco Sefcovic commented: ‘It has to be a fair agreement for both sides – we are not going to sign an agreement at any cost. The European Union is ready to work until the last minute for a good agreement for...
Pound (GBP) Rises Despite BoE Talk of Negative Interest Rates Published: 12 Oct at 5 PM 2020
<h3>Pound (GBP) </h3> The Pound (GBP) edged higher today after Prime Minister Boris Johnson revealed a new three-tier system to curb the spread of Covid-19. Mr Johnson said: ‘We want to create the maximum possible local consensus behind this more severe local action, so in each area, we will work with local government leaders on the additional measures which should be taken. This could lead to further restrictions on the hospitality, leisure, entertainment or personal care sectors. But retail, schools and...
Markets Calm and Return to Riskier Assets as US President Trump Discharged from Hospital Published: 6 Oct at 4 PM 2020
Pound Sterling (GBP) The Pound saw yet another volatile session today. For much of the day it was pushed lower by concerns over pandemic-influenced job layoffs. In the afternoon however, Sterling was boosted by reports that the latest UK-EU Brexit negotiations had been productive, and that big progress had been made. No notable UK data will be published tomorrow. This will leave the Pound to be once again driven by rival currency strength and developments in Britain’s Brexit and coronavirus situations. Euro (EUR) Today’s...
Fears of Brexit No-Deal Outcome Hits Sterling but Negotiations Still Being Closely Watched Published: 1 Oct at 3 PM 2020
Pound Sterling (GBP) After hoping for much of the week that UK-EU Brexit negotiations could end with a breakthrough or extension this week, fears of a no-deal outcome surged today. Investors were volatile on the Pound on speculation that negotiators still remained far from agreement. Reaction to how the final round of negotiations unfolds is likely to dominate the Pound’s movement for the remainder of the week. Indeed, it could prove to be some of this week’s biggest news overall. Euro (EUR) A lack of major Eurozone...
Markets Readjust Positions in Anticipation of Tonight’s US Presidential Debate Published: 29 Sep at 4 PM 2020
Pound Sterling (GBP) The Pound was a little weaker today, and the currency struggled to hold yesterday’s advances. UK retailers continue to express concern about the impact of the coronavirus pandemic, while Pound investors await the final scheduled round of Brexit talks. UK-EU negotiations will last until Friday, when the final scheduled set of negotiations will end. If there are any signs of optimism or a potential breakthrough in talks, the Pound could see a surge in demand in the coming sessions. Euro (EUR) Today’s...
Pound (GBP) Rises as ‘More Positive Tone’ Surround Brexit Talks Published: 28 Sep at 4 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) edged higher today on hopes of a post-Brexit trade deal between the UK and the EU. Tomorrow will see Brexit negotiations resume, sparking hopes of a last-minute compromise between the two powers. John Hardy, an analyst at Saxo Bank, said that there is a ‘more positive tone’ surrounding the negotiations, adding: ‘The Brexit talks are set to get more formal this week and starting tomorrow, with this round seen as a last dash effort if any agreement is to be made on Boris...
Markets Calm from Monday Panic as Fresh Coronavirus Restrictions Less Severe than Feared Published: 22 Sep at 5 PM 2020
Pound Sterling (GBP) The Pound’s movement was volatile today, as markets digested the latest UK government plans on how to tackle the coronavirus pandemic. The plans were not as strict as feared. Bank of England (BoE) Governor Andrew Bailey’s signals that the bank was not considering negative interest rates in the near future also helped the Pound to steady after Monday losses. Britain’s September PMI projections from Markit will be published tomorrow. These will give markets a clearer image of Britain’s economic health, but...
US Dollar (USD) Subdued Ahead of Federal Reserve Interest Rate Decision Published: 16 Sep at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) rose against its peers today after the later UK Consumer Price Index for August fell from 1.8% to 0.9%, buoying confidence in the British economy as it shows a steady return of activity. Neil Birrell, the chief investment officer at Primier Miton, said of the report: ‘The inflation data in the UK surprised on the upside. The core year-on-year CPI was up 0.9% against expectations of 0.5%. Rising inflation has been much discussed as the inevitable consequence of all the stimulus...
Pound (GBP) Struggles as Hard Brexit Fears Grow as Controversial Bill Secures Majority Vote Published: 15 Sep at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound’s (GBP) gains were short-lived today as mounting opposition to the controversial Brexit Internal Market Bill failed to convince UK Markets. As a result, Sterling has suffered a setback from concerns over the increasing likelihood of a no-deal Brexit on December 31st. In UK economic news, today also saw the UK ILO Unemployment Rate for July confirm forecasts and rise from 3.9% to 4.1%, igniting concerns over increasing levels of joblessness in the UK. Darren Morgan, director of economic...

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