Germany’s Roth in letter to UK government: A fair Brexit deal is still possible 0 (0)

German minister of state for Europe, Michael Roth, comments in a letter to the UK government as seen by Der Spiegel
Just some added posturing by the EU camp as negotiations are still ongoing this week. So far, there are little details on how things are progressing but given that the first key deadline is 15

Go to Forexlive

French finance minister Le Maire: There are no plans for a new general lockdown 0 (0)

France stays adamant that they will not return to a mass lockdown
Germany’s Merkel also sent a similar message earlier today .
here
But as the virus situation continues to escalate across Europe, tougher restrictions will surely be needed to curb the spread. Otherwise, fears of the virus itself will weigh on consumer behaviour and that will take

Go to Forexlive

BOE’s Ramsden: We are not about to use negative rates imminently 0 (0)

Ramsden says that he still sees the effective lower bound at 0.10%
The BOE’s communication on negative rates has been all over the place, so I wouldn’t put too much attachment to Ramsden’s remarks. But for now, it is enough to give the pound a decent lift, with cable looking to firmly clear its 200-hour moving

Go to Forexlive

J&J Coronavirus vaccine candidate – induced immune response, showed acceptable safety profile 0 (0)

Johnson & Johnson’s experimental Covid-19 vaccine phase 1/2 trial findings have provided some encouragement.
Reports
the Wall Street Journal:
Now for some caveats. These are from a small early-stage trial. They are interim, posted on online preprint server medRxiv. The report is not yet peer-reviewed, not yet published in medical journals.

Go to Forexlive

ForexLive Americas FX news wrap: Equities finish strong but commodity FX skeptical 0 (0)

Forex news for North American trade on September 25, 2020:
Markets:
We came into the day on a delicate footing and with stock futures lower. The early going was more of the negativity and the commodity currencies and euro continued to struggle while the dollar made fresh highs.

Go to Forexlive

Fitch affirms UK at AA- with a negative outlook 0 (0)

Fitch on the UK rating
From Fitch, who lowered the UK to AA- in March.
The UK’s ratings balance a high income, diversified and advanced economy against high and rising public sector indebtedness. Sterling’s reserve currency status, deep capital market and strong governance indicators support the ratings. The very long average maturity of public debt (15 years)

Go to Forexlive