U.K. Economy Shrinks by More Than Any Other Rich Country
LONDON — The U.K. recorded a steeper second-quarter contraction than any other rich country, a performance that means it suffered the worst economic hit from coronavirus in Europe as well as reporting the highest death toll. The economy is already recovering as restrictions on daily life ease and workers trickle back to factories and offices, […]
Rising Brexit Risks for British Pound as the UK and EU failing to reach trade deal
Sterling could depreciate further against the euro as the risk of the U.K. and EU failing to reach a trade deal by the year-end deadline rises, MUFG Bank says. “It is difficult to pinpoint when those risks could suddenly start to escalate to a degree to undermine the pound but we look to be at […]
Trend continuation for EUR/GBP, CHF/JPY and NZD/CHF
Dow Jones Newswires report:via Market Talk 👉 Melbourne has been put under a strict six-week lockdown, weighing on the Australian dollar. AUD/USD is retreating from the 0.70 mark. The Reserve Bank of Australia left interest rates unchanged at 0.25% as expected and did not release any hints about future policy. 👉 USD/JPY is steady above […]