Forex news from the European trading session – 22 October 2020
Headlines:
Markets:
– NZD leads, GBP lags on the day
– European equities mixed; E-minis down 0.2%

Remarks by BOE governor, Andrew Bailey
There isn’t much else besides the headline comment for now, and it is likely he won’t be touching on policy at all in the panel discussion today as it pertains more towards sustainable finance and climate change.

UK government raises job support aid, cuts employers‘ contributions
here
Only time will tell if this will be sufficient or if more fiscal aid will be needed.

Latest data released by CBI – 22 October 2020
UK manufacturing orders continued to fall, but the pace of the decline in October eased despite a resurgence in virus cases. The reading is still relatively low on a historical level but this is the highest since March with CBI noting that:

Further comments by Haldane
The messaging from the BOE on negative interest rates policy (NIRP) is still a confusing one, as evident by comments by MPC member Vlieghe yesterday and .

Forex news from the European trading session – 21 October 2020
Headlines:
Markets:
– GBP leads, USG lags on the day
– European equities lower; E-minis down 0.2%

Further comments by Boris Johnson
He is pretty much staking his political career on this stance, but it is more of the fact that he would have drawn scrutiny from the opposition either which way.

Latest data from the Mortgage Bankers Association for the week ending 16 October 2020
–  -0.7%
– Market index 794.2 vs 798.9 prior
– Purchase index 304.6 vs 311.1 prior
here

UK prime minister, Boris Johnson, comments in PMQs
With the daily case count being this high, it’ll take a few weeks to gauge whether or not the latest set of measures will help to curb the spread of the virus across the UK.

UK chief scientific advisor, Patrick Vallance, weighs in with his latest thoughts about a vaccine and how the world may look like in the future
He argues that while there are positive developments in the vaccine space, none are likely to eradicate the coronavirus: