Lockdowns and virus restrictions are continuing to make a comeback
In the case of Aberdeen, this comes after a local outbreak related to a pub cluster – more than 30 cases have been linked to that. This is prompting action by the government to try and limit the spread of the virus infection:

Forex news from the European trading session – 4 August 2020
Headlines:
Markets:
– CHF leads, GBP lags on the day
– European equities lower; E-minis down 0.4%

Latest data released by Eurostat – 4 August 2020
EUR/USD keeps a little firmer still just under the 1.1800 handle as continues on the session.

It feels like the market is waiting for a shove
European equities began the session with modest gains but gave them all away in the opening hour and are now keeping lower, with US futures also seen slightly weaker.

Comments by Japanese economy minister, Yasutoshi Nishimura
– Calls for caution for those visiting elderly relatives
The episode in Japan is a rather familiar one, as the virus numbers start to increase significantly across the country. and becoming a cause for concern, and inevitably deaths will follow if the health crisis is still not addressed.

Comments by ECB chief economist, Philip Lane
Nothing that really stands out from Lane in the grand scheme of things. This just reaffirms that the ECB will stay committed to deliver on the full PEPP envelope – at the very least – by the middle of next year.

Forex news from the European trading session – 3 August 2020
Headlines:
Markets:
– USD leads, CHF lags on the day
– European equities higher; E-minis up 0.5%

Comments by the Chinese central bank
These comments aren’t new by the PBOC but it reaffirms their current monetary policy stance and that they will keep going forward with targeted RRR cuts when necessary to aid with liquidity, while also maintaining .

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