Daily Report
Daily Report: 18th September 2020
Yesterday, the Pound saw some weakness as the Bank of England suggested that they are looking into negative interest rates as a possible tool to help stimulate the economy. In addition, the central bank warned of a prolonged period of unemployment and uncertain economic growth. However, the Pound recovered some of its losses as European Commission President von der Leyen mentioned that a deal can still be agreed to between the UK and EU. Tighter national rules are being considered by the government to combat the increasing number of coronavirus cases in the UK. Germany as reported [...]
Previous Daily Reports
Daily Report: 17th September 2020
The Pound has continued to strengthen against both the Euro and Dollar after news that the UK offered concessions on fisheries in last week’s trade negotiations with the EU. The market is now looking towards the Bank of England’s interest rate announcement and accompanying statement due at midday, although [...]
Daily Report: 15th September 2020
The UK unemployment rate was released at 4.1% this morning and although this was expected, it still showed an increase from its previous figure of 3.9%. This suggests the UK labour market shed 695,000 jobs between March and August with another 500,000 jobs forecast to be lost this Autumn [...]
Daily Report: 14th September 2020
The Internal Market Bill will be debated in the House of Commons throughout the day which will remain the focus for the Pound. Ex-Prime Ministers Blair and Major as well as ex-Attorney General Cox have all warned MPs not to back the bill as it attempts to override certain [...]
Daily Report: 11th September 2020
The Pound has continued to weaken against both the Euro and the Dollar as the EU threatened legal action against the UK if the proposed Internal Market Bill isn’t dropped. UK GDP figures released this morning showed that the economy grew 6.6% for the month of July. This is [...]
Trading Floor Report
