Forex news from the European trading session – 14 October 2020
Headlines:
Markets:
– GBP leads, EUR lags on the day
– European equities lower; E-minis flat

UK prime minister, Boris Johnson, remarks in PMQs
He is trying to brush aside the pressure and calls for a ‚circuit breaker‘ lockdown in the UK but if his current approach doesn’t bear fruit soon enough, expect the naysayers to hang the virus situation over his head in the coming weeks/months.

Latest data from the Mortgage Bankers Association for the week ending 9 October 2020
–  +4.6%
– Market index 798.9 vs 804.7 prior
– Purchase index 311.1 vs 316.0 prior
The long-term mortgage rate falls to a new record low on the survey as the drop in mortgage applications largely stems from a slight moderation in purchase activity. That

Comments by German health minister, Jens Spahn
Of course, this will first depend on a vaccine breakthrough but it also stirs a bit of an interesting discussion about what may happen when the time comes.

GBP/USD rips to a high of 1.2976 before falling back to 1.2930
Meanwhile, Reuters is also reporting saying that a Brexit deal is difficult but not impossible as they cite a source familiar with ongoing talks as well.