EUR/USD inches back towards 1.1700 as sellers wrestle back some near-term control 0 (0)

EUR/USD falls to a session low of 1.1702 as sellers look for a firm break below the 200-hour moving average
The euro has had a decent start to the week in the past two days but all of that is under threat now as sellers are looking to stage a return with a push back under

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UK PM Johnson: Shortcomings of UK labour market made painfully apparent by virus crisis 0 (0)

Comments by UK prime minister, Boris Johnson
– UK economy is under-productive
– The economy has been shaken by the virus crisis
– UK has shortages of many crucial skills
Pretty much just stating the fact, but the slack in the UK labour market has been rather well documented for quite a while already even before the pandemic struck.

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Germany’s Roth in letter to UK government: A fair Brexit deal is still possible 0 (0)

German minister of state for Europe, Michael Roth, comments in a letter to the UK government as seen by Der Spiegel
Just some added posturing by the EU camp as negotiations are still ongoing this week. So far, there are little details on how things are progressing but given that the first key deadline is 15

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French finance minister Le Maire: There are no plans for a new general lockdown 0 (0)

France stays adamant that they will not return to a mass lockdown
Germany’s Merkel also sent a similar message earlier today .
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But as the virus situation continues to escalate across Europe, tougher restrictions will surely be needed to curb the spread. Otherwise, fears of the virus itself will weigh on consumer behaviour and that will take

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BOE’s Ramsden: We are not about to use negative rates imminently 0 (0)

Ramsden says that he still sees the effective lower bound at 0.10%
The BOE’s communication on negative rates has been all over the place, so I wouldn’t put too much attachment to Ramsden’s remarks. But for now, it is enough to give the pound a decent lift, with cable looking to firmly clear its 200-hour moving

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