The US Dollar was under pressure last week with traders expecting large-scale stimulus from the new US administration to combat the Covid-19 pandemic. Optimism over several COVID-19 vaccine developers, including Pfizer and Moderna announcing positive results for their offerings over the...
Gold plummets to fresh multi-month lows near $1,780
EU chief negotiator Michel Barnier will propose that between 15-18% of the fish quota caught in UK waters by EU fleets will be restored to the UK under a free trade agreement
UK Frost: For a Brexit deal to be possible, it must fully respect UK sovereignty
Actual: 87.6 Expected: 86.5 Previous: 90.9
Same significant divergences persist Physical negotiations can continue as my team and I are no longer in quarantine We will be traveling to London this evening to continue
We should expect governing council to reassess the macroeconomic outlook And also recalibrate its measures accordingly Outlook for inflation has clearly deteriorated It is clear that our stimulus so far has not been sufficient In spring, we reacted quickly...
ECB Minutes headline inflation was now expected to be in negative territory for longer than had been foreseen in the September projections It was noted that monetary policy decisions in December would be consistent with prevailing market expectations
We recognise that UK has red lines too Hopeful of a positive outcome These negotiations are very difficult at the moment We are running out of time Outstanding issues are proving very, very difficult
Need to plan our way out of this level of borrowing over time Very important that government has put furlough measures in place to help lower income workers
PEPP purchases worked, helped to lower spreads There are indications for sustainable recovery from the middle of 2021 Lower deposit rates wouldn't have effect Sees asset bubble risk, no actual bubbles yet
Virus curbs have prevented worst-case scenario But more still needs to be done to rein in virus spread Number of virus deaths is reason for concern Virus cases are still much too high
Actual: -6.7 Expected: -5 Previous: -3.1
1. GfK German Consumer Climate GfK German Consumer Climate for December is expected to come out at -5.0. It was at -3.1 a month ago. A lower than expected amplify pressure on the single currency. 2. ECB Publishes Account of Monetary Policy Meeting
Staff noted that financial market participants generally expected the Committee to continue its net asset purchases at the current pace through next year and at a reduced pace in subsequent years The September FOMC statement indicated that asset purchases will continue over coming month...
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