Lower than expected PMIs flag that winter is coming

Lower than expected PMIs flag that winter is coming

GBP Sterling remains on the defensive this morning, as the UK Government continues to attempt to balance economic losses against controlling the ongoing covid-19 pandemic. In addition to pre-emptive leaks and briefings to the media over recent days, Boris Johnson...
Riksbank upgrades GDP outlook but kept interest rate projection flat

Riksbank upgrades GDP outlook but kept interest rate projection flat

QE is the way to go, according to Sweden’s Riksbank which kept rates at zero today and stuck with a flat interest rate projection over the coming years. The central bank pledged to continue its asset purchase programme as it navigates its way through the...
JPY gradually advances on the closing gap between the Fed and the BoJ

JPY gradually advances on the closing gap between the Fed and the BoJ

JPY was among the best performing currencies last week, following both the Fed and BoJ meetings and the election of Yoshihide Suga as the successor Prime Minister to Shinzo Abe. The BoJ brought no policy moves forward, but took an upbeat tone on the economic outlook....
Dollar bounces back as Europe sets for a second wave

Dollar bounces back as Europe sets for a second wave

GBP Sterling has weakened further against the US dollar and the euro this morning, extending yesterday’s general trends. Both GBPEUR and GBPUSD took a further dive this morning during a speech from Bank of England Governor Andrew Bailey. Speaking at a webinar for the...
Corona-Comeback in Europe ahead of Autumn leaves markets in a stew

Corona-Comeback in Europe ahead of Autumn leaves markets in a stew

GBP Sterling is trading in the green against all of its G10 peers except the Australian dollar this morning in the absence of major Brexit headlines, while Bloomberg reported an emergency UK cabinet meeting to discuss potential increases in restrictions, as the UK saw...