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

Cable buyers look to try and seize near-term control
The pound is posting fresh highs for the day now as BOE policymaker, Dave Ramsden,  – for now at least – and affirmed that he still views the effective lower bound in the bank rate at 0.10%.

Johnson & Johnson’s experimental Covid-19 vaccine phase 1/2 trial findings have provided some encouragement.
Reports
the Wall Street Journal:
Now for some caveats. These are from a small early-stage trial. They are interim, posted on online preprint server medRxiv. The report is not yet peer-reviewed, not yet published in medical journals.

Forex news for North American trade on September 25, 2020:
Markets:
We came into the day on a delicate footing and with stock futures lower. The early going was more of the negativity and the commodity currencies and euro continued to struggle while the dollar made fresh highs.

Trump set to make the announcement tomorrow
CNN reports Trump will nominate her tomorrow. She was the front-runner from the beginning. She’s only 48 years old so she could serve for a long time to come.

Fitch on the UK rating
From Fitch, who lowered the UK to AA- in March.
The UK’s ratings balance a high income, diversified and advanced economy against high and rising public sector indebtedness. Sterling’s reserve currency status, deep capital market and strong governance indicators support the ratings. The very long average maturity of public debt (15 years)

Dow, S&P and Nasdaq close higher for the 2nd consecutive week
The US stock indices are ending the session with gains across the board and near session highs:

CFTC commitments of traders data for the week ending September 22, 2020.
Highlights:

Forex news from the European trading session – 25 September 2020
Headlines:
Markets:
– NZD leads, EUR lags on the day
– European equities lower; E-minis down ~0.6%

It is turning into a full risk-off swing in the market now
The dollar is firming across the board as such, with risk assets elsewhere also taking a hit. Oil is down 1% and gold is down by 0.6% on the session currently.