On Wednesday, greenback suffered a loss against the pound supported by the Bank of England governor talking down the prospect of negative rates in the United Kingdom. The key notes of the governor speech were "Negative rates are a controversial issue., There are a lot of issues with negative rates., No country has used negative [...]
Heading into the Christmas-holiday shortened week, the concerns over the corona virus contagion have intensified, especially after a new covid strain was found in the UK. Italy announced late Sunday that it had confirmed a COVID-19 case in the country, which had the new variant detected in England. UK PM Boris Johnson described the variant [...]
The cost of living in the UK as represented by the Consumer Price Index (CPI) for November month is due early on Wednesday at 07:00 GMT. The key inflation data will join the current Brexit drama, the coronavirus (COVID-19) vaccine headlines and the US covid stimulus updates to entertain the Pound traders. The price economics [...]
The Pound became weaker today after the ‘boring’ meeting between Boris Johnson and Ursula von der Leyen in Brussels. The meeting ended without a deal as the two pressed their teams to reach an agreement. This shifts the next solid deadline to Sunday. On the economic calendar, the key events today will be UK GDP [...]
