Forexlive Americas FX news wrap: US 30 year bond close above 2%. Major indices close at record highs 0 (0)

Forex news for North American trading on February 12, 2021
The US 30 year bond is closing the day – and week  – above 2% for the first time in a year (since February 20, 2020).  The yield is up on fears about potentially future inflation from higher growth.  The Fed members  – including Fed Chair Powell – continue

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EU’s von der Leyen: Recovery fund may start to be dispensed by middle of the year 0 (0)

It only took them about a year since the pandemic to get this settled
The €672.5 billion recovery fund got the go-ahead from parliament yesterday and has been signed today. As much as von der Leyen that they are going to move „swiftly“ with this, waiting another few months before the initial funds are disbursed is

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What did we learn from the last Bank of England meeting? 0 (0)

GBP 
The last Bank of England rate meeting was always going to be about one thing; would the bank walk towards or away from negative interest rates? Since the start of the year Governor Bailey’s comments had been interpreted as walking back market expectation from the Bank using negative interest rates. The fact that the UK

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18% of UK workforce is furloughed 0 (0)

Office for National Statistics
However, with the UK having vaccinated around 20% of their population these furloughed workers will be able to spend their savings made during teh lockdown and boost the economy. Expect that to boost the GBP, the FTSE100, but the FTSE250 most of all due to its balance of financial and service sector

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