ECB announces their latest monetary policy decision – 10 September 2020
Pretty much a non-event with the statement language pretty much a mirror of that in July. The euro is rightfully little changed on the announcement as all eyes turn towards Lagarde’s press conference later at 1230 GMT for more clues on the central bank’s latest

That is the key question for the market today after the bounce yesterday
Nasdaq and S&P 500 futures are down by ~0.5% now ahead of North American trading.

Comments by UK prime minister, Boris Johnson, in parliament
– A border down the Irish Sea would hurt UK interests
The pound is dribbling lower as traders are digesting the headlines, with cable now down to a session low of 1.2900. I would argue that the EU response is very much the key factor now, as the

The first of the EU responses is coming in
– Still expects Brexit withdrawal agreement to be fully respected
– Best course of action is to call as quickly as possible an extraordinary meeting to get the reassurances needed following UK legislation
For some background, Šefčovič is the European Commission vice president of interinstitutional relations and foresight. I

European Commission president, Ursula von der Leyen, tweets her response
Very concerned about announcements from the British government on its intentions to breach the Withdrawal Agreement. This would break international law and undermines trust. Pacta sunt servanda = the foundation of prosperous future relations.

Reuters reports, citing a copy of the UK internal market bill

Reuters reports, citing a copy of the UK internal market bill
– Ministers may make provision about the application of exit procedures to goods, or a description of goods, when moving from Northern Ireland to Great Britain
Essentially, it is as what has been reported before but just that this is confirmation that under the bill, UK

Forex news from the European trading session – 8 September 2020
Headlines:
Markets:
– USD and JPY lead, GBP lags on the day
– European equities lower; E-minis down 0.8%

Latest data released by NFIB – 8 September 2020

The firm argues that the euro’s upside potential remains intact
Nomura says that while ECB policymakers expressing concern about euro strength may put short-term downward pressure on the currency, it will be difficult to alter the upward trend that is already in place.