Forex news from the European trading session – 28 July 2020
Headlines:
Markets:
– CHF leads, NZD lags on the day
– European equities lower; E-minis down 0.3%

Fauci says that he has not misled the public under any circumstances
This comes after Trump retweeted posts yesterday calling Fauci a fraud and that he has misled the public on the whole virus situation.

Johnson throwing some coronavirus shade at other European nations
– We had to take swift, decisive action on Spain quarantine decision
– We will continue to take action where it is necessary
Well, the situation in the UK may be a bit calmer for now but as the economy reopens you can sort of bet that the odds

UK think tank, NIESR, comments on the UK economy
For now, a lot about UK economic data – especially in relation to the labour market – is largely masked by the fact that the government’s furlough program is in place.

Latest data released by CBI – 28 July 2020
That said, there are concerning details despite the headline beat with a wave of layoffs being seen across the retail sector and year-on-year sales growth was modest at best.