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Enrico Bazzano
Lower oil prices weighed on some Latam currencies, while the volatile conditions also sent investors towards the US dollar.
Sterling dropped below $1.27 to a two-month low on Wednesday. The UK finance minister also extended its jobs protection program, albeit a much smaller package than previously, fuelling concerns that unemployment will rise.
We're flat in the market up to, first of October when we'll receive new fundamental date
Sterling dropped below $1.27 to a two-month low on Wednesday. The UK finance minister also extended its jobs protection program, albeit a much smaller package than previously, fuelling concerns that unemployment will rise.
We're flat in the market up to, first of October when we'll receive new fundamental date
· 2
Enrico Bazzano
Based on USD movment below, today good info from Fed that now forecasts economic output to contract 3.7% in 2020, an improvement on its June forecast of a 6.5% drop although chairman Jerome Powell stated more fiscal stimulus was likely needed to support the recovery.
· 1
Enrico Bazzano
UK inflation retreated during August as the government’s Eat Out to Help Out scheme and VAT cut weighed on prices.
A Reuters forecast had expected inflation to hold steady.
A Reuters forecast had expected inflation to hold steady.
· 2
Enrico Bazzano
UK economy grow for a third consecutive month in July
The economy was 11.7% smaller than its February level, suggesting the recovery still has some way to go.
Considering that:
Japanese foreign minister Toshimitsu Motegi and UK trade minister Liz Truss are due to speak together on Friday, set to confirm their agreement in principle of a new trade pact and as well separately, the UK rejected the EU’s ultimatum to scrap its plans which would override parts of the withdrawal agreement. The controversial Internal Market Bill could force the EU to take legal action or halt talks.
We've to monitor EUR JPY and GBP which impact they'll have respect to rest of economy
The economy was 11.7% smaller than its February level, suggesting the recovery still has some way to go.
Considering that:
Japanese foreign minister Toshimitsu Motegi and UK trade minister Liz Truss are due to speak together on Friday, set to confirm their agreement in principle of a new trade pact and as well separately, the UK rejected the EU’s ultimatum to scrap its plans which would override parts of the withdrawal agreement. The controversial Internal Market Bill could force the EU to take legal action or halt talks.
We've to monitor EUR JPY and GBP which impact they'll have respect to rest of economy
· 2