UK PM Johnson announces relaxing of lockdown measures in England 0 (0)

Tourism and hospitality can resume on 4 July
– Social distancing rules to also be relaxed
– New rule is to keep at least 1 meter apart (previously 2 meters)
– Two households can meet in any setting
All of the above is applicable starting from 4 July onwards. The most important news in all of this I guess

Go to Forexlive

Germany says doesn’t expect second economic collapse due to the coronavirus 0 (0)

Comments by the German council of economic advisors
– Sees German economy shrinking by 6.5% this year
– Impact of the coronavirus on the world economy more severe than expected
On the headline remark, it is more of the case that they won’t risk another economic meltdown – even if there is a second virus wave – after

Go to Forexlive

EU leaders to hold in-person summit on recovery fund next month on 17-18 July 0 (0)

The European Council calls for an extraordinary meeting next month
This is being by the council’s spokesperson, Barend Leyts. The details and logistics will follow later but the dates have been confirmed. The physical meeting is said to start at 1000 Brussels time on the 17th of July.

Go to Forexlive

ECB’s Weidmann: PEPP is guided by inflation objective, will be temporary 0 (0)

Comments by ECB governing council member, Jens Weidmann
– Recovery from the coronavirus crisis will be „painfully slow“
– The level of economic uncertainty is „exceptionally high“
Well, if it is guided by their inflation goal and with the recovery set to be „painfully slow“, their definition of temporary may be until 2022 at the very least –

Go to Forexlive

BOE’s Bailey: UK government would have struggled to fund itself if not for QE expansion 0 (0)

BOE governor, Andrew Bailey, remarks to Sky News in a podcast
– The prospects would have been very bad
– It would have been very serious if BOE had not intervened during the „meltdown“
Bailey added that the financial dislocation that took place during March was much more severe than that back in 2008-09 – referring to the

Go to Forexlive