US MBA mortgage applications w.e. 2 October +4.6% vs -4.8% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 2 October 2020
–  -4.8%
– Market index 804.7 vs 769.6 prior
– Purchase index 316.0 vs 320.9 prior
The long-term mortgage rate slips to its lowest on record in the survey’s history, and that is arguably spurring the increase in refinancing activity – which carried the jump

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Brexit: EU reportedly ready to call UK’s bluff on Brexit talks 0 (0)

The news sent the pound lower from 1.2960 to 1.2920
Bloomberg is reporting that the EU has no plans to offer concessions to Boris Johnson before next week’s Brexit deadline on 15 October (this is the UK’s deadline FWIW), betting that he won’t make good on the threat to walk out without a deal.

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There is a ‚high barrier‘ for BOE to cut rates below zero – Morgan Stanley 0 (0)

The firm says negative rates are unlikely even if there is a no-deal Brexit
„With two heavyweight insider MPC members ( and ) coming out publicly in opposition, at least at the moment, we see a high barrier to negative policy rates. We now think that outright cuts in the bank rate to below zero in

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UK PM Johnson: We shall see if additional measures will have driven down the virus 0 (0)

Comments by UK prime minister, Boris Johnson
– I have no doubt that we can get on top of this virus
– Outbreak seems more localised this time than it was in March, April
Johnson trying to ease concerns and continuing to defend the strategies the government has employed in curbing the spread of the virus. The numbers

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