Forex news from the European trading session – 6 October 2020
Headlines:
Markets:
– CHF leads, AUD lags on the day
– European equities a little higher; E-minis down 0.2%

The news sent the pound lower from 1.2960 to 1.2920
Bloomberg is reporting that the EU has no plans to offer concessions to Boris Johnson before next week’s Brexit deadline on 15 October (this is the UK’s deadline FWIW), betting that he won’t make good on the threat to walk out without a deal.

Politico reports
The report says that talks between Pelosi and Mnuchin are going ‚very slowly‘, citing a source from Pelosi’s conference call with Democratic leaders. There’s not much else besides this but at least negotiations are still ongoing for later in the day.

The firm says negative rates are unlikely even if there is a no-deal Brexit
„With two heavyweight insider MPC members ( and ) coming out publicly in opposition, at least at the moment, we see a high barrier to negative policy rates. We now think that outright cuts in the bank rate to below zero in

St Louis Fed president, James Bullard, speaks in a WSJ interview