Further comments by Saunders
– BOE did not discuss negative rates in August meeting
– Review of negative rates is not finished
– Review will look at indirect effects on banks, lending
An interesting choice of word there by Saunders i.e. ‚theologically‘ in the sense that his central bank beliefs does not exclude pursuing negative rates as an option

Reuters reports on the matter, citing a document from the White House
It is reported that the US has asked all government agencies for details of any funding that either supports or counters China and its business practices, amid escalating tensions between the two countries.

Says want to see data from all different vaccines to get a clear idea of which are actually offering protection
It will be tough to imagine how this isn’t going to be politicised despite the Covax scheme. Plenty of countries have already done private deals with pharmaceutical firms and that is going to be how this

Says that GOP are moving even further in the wrong direction
The battle rages on between US lawmakers on the coronavirus relief plan and Schumer’s remarks above are pretty much the same as what we have heard for over a month now. The clock is ticking as we move further down the fiscal cliff, as time

Latest data released by Challenger, Gray, and Christmas Inc
– 263k
Job cuts by US-based employers fell in August compared to July, but the cumulative count this year sees total layoffs hit 1.963 million – surpassing the previous annual all-time high in 2001 of 1.957 million layoffs.

Thailand sees its first locally transmitted case after 100 days
The new case was confirmed to be an inmate of a prison in Bangkok, shortly after the incarceration took place. The patient’s history showed that he had stayed with his family before being lodged in jail, raising fears that there is a wider spread of the

The dollar is higher once again going into North American trading
The greenback is trading to fresh highs against the yen, pound, loonie, aussie and kiwi as we start to gear towards the US session later today.

JP Morgan analyst, Malcolm Barr, remarks in a research note to clients
The firm says that it would be a surprise if there was enough progress made to bring about an agreement by the end of October, though chances of a no-deal Brexit materialising is about one third in their view:

Forex news from the European trading session – 2 September 2020
Headlines:
– USD leads, AUD and EUR lag on the day
– European equities higher; E-minis up 0.6%

The greenback leads gains in the major currencies space
Stocks are up on the day but the dollar is also up as the pullback momentum from yesterday extends into the new trading day today. The dollar held its ground in early European trading but is gradually pushing higher now as we look towards US trading.