Month: September 2020

The groups advising the UK Prime Minister Boris Johnson and his government recommend another two weeks national lockdown. In October. The government’s Scientific Advisory Group for Emergencies (Sage)  and the Scientific Pandemic Influenza Group on Modelling (Spi-m)  As recently as yesterday UK PM Johnson said again he wanted to avoid national lockdown (limiting restrictions to
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Gold slipped as much as 1% on Thursday after the U.S. Federal Reserve disappointed expectations for further stimulus to spur inflation and support the economy, battered by the coronavirus crisis. Spot gold dropped 0.9% to $1,940.96 per ounce by 0951 GMT. U.S. gold futures slipped 1.2% to $1,947.40. “The gold market was somewhat disappointed by
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Sterling drops broadly today as BoE minutes indicated that the central bank is already discussing implementation negative interest rates. On the other hand, Yen is currently the strongest one, extending this week’s strong rally. Risk aversion and falling treasury yields are both helping the Yen higher. Dollar lost some momentum after initial post-FOMC rise, but
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First-time claims for unemployment insurance beat Wall Street estimates last week as the U.S. economy enters a critical new stage. Filings totaled 860,000 for the week ended Sept. 12, the Labor Department reported Thursday. Economists surveyed by Dow Jones had expected 875,000, against the previous week’s upwardly revised 893,000. The number represents a modest downshift
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GBP/USD Forecast: BOE may compound the Fed and trigger greater downfall The Brexit bonanza has proved short-lived – Pound bulls prematurely celebrated Prime Minister Boris Johnson’s climbdown before the Federal Reserve sent the safe-haven dollar higher. Now it is the Bank of England’s turn to move cable – and potentially tilt it lower. PM Johnson
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large number of UK job redundancies ahead? Sobering stuff. Britain’s employers planning twice the number of redundancies as they did in 2009: 380,000 redundancies planned from May to July this year That number could rise to 735,000 according to researchers cited in the article  Only 180,000 job cuts were planned from January to March 2009
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The Fed left the policy rate unchanged at 0-0.25% and the asset purchases program unchanged in September. There are substantial changes in the policy statement, reflecting the formal adoption of average inflation targeting. Updated economic projections revealed a more optimistic outlook for this year through to 2022. The Fed also has also introduced economic forecast
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