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  • Pound Drops After Brexit Saga Brings BOE Rate-Cut Bets Forward

    From bnnbloomberg.ca

    British Prime Minister Boris Johnson’s hard-line negotiating tactics with the European Union are once again unsettling U.K. markets. The pound slumped for a fifth day, the longest losing streak since May, and weakened as much as 1.1% to $1.3022. Money market traders are stepping up bets on negative interest rates and the FTSE 100 Index dipped 0.4%. Johnson has threatened to walk away from Brexit talks without a new trade deal, despite warnings that a hard split would cripple economic growth. Investors were also spooked by comments from the Bank of England’s chief economist in support of ending the wage-support ... (full story)

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  • Sep 8, 2020 11:03am Sep 8, 2020 11:03am
  •  Shadowluxury
  • | Joined Jan 2019 | Status: Keep it simple | 60 Comments
Pound to drop again
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    • Older Stories  
    USDCAD: Dollar Rally Gathers Pace with BOC Rates Ahead

    From investingcube.com|Sep 8, 2020

    The USDCAD was higher last week as the greenback tried to shake off months of weakness against global currencies. Strong manufacturing data and a drop in the unemployment rate ...

    Economic Optimism Dips, Remains in Negative Territory for Sixth Consecutive Month, According to...

    From tipponline.com|Sep 8, 2020

    The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, fell 3.8% in September, moving from 46.8 last month to 45.0 this month. This marks the ...

    U.S. penalizes Chinese companies accused of using forced labor

    From @breakingmkts|Sep 8, 2020|4 comments

    tweet at 9:46am: *U.S. PENALIZES CHINESE COMPANIES ACCUSED OF USING FORCED LABOR tweet at 9:45am: *U.S. PENALIZES CHINESE COMPANIES ACCUSED OF USING FORCED LABOR *U.S. THREATENS TO CHARGE CHINA'S TECHNOLOGY CO. HEFEI BITLAND *U.S. ISSUES WITHHOLD ORDERS FOR 3 CHINESE GARMENT, HAIR COS. *U.S. THREATENS WITHHOLD ORDERS FOR SIX MORE CHINESE COMPANIES

    •   Newer Stories
    Lane’s currency faux pas

    From omfif.org|Sep 8, 2020

    With the seemingly innocuous observation that the euro-dollar rate ‘does matter’ for monetary policy, European Central Bank Chief Economist Philip Lane unleashed a bout of foreign ...

    EU's Dombrovskis: EU Shares Many US Concerns Over China

    From @LiveSquawk|Sep 8, 2020

    tweet at 11:48am: EU’s Dombrovskis: EU Shares Many US Concerns Over China - Repeats EU Call For WTO Revamp - EU Disagrees With US Tactics Toward China

    U.S. Senate republicans to propose around $300 billion in new coronavirus aid

    From @DeItaOne|Sep 8, 2020|7 comments

    tweet at 11:50am: U.S. SENATE REPUBLICANS TO PROPOSE AROUND $300 BILLION IN NEW CORONAVIRUS AID, CONTAINS $10 BILLION FOR U.S. POSTAL SERVICE -SENATE SOURCES tweet at 11:50am: TOP CONGRESSIONAL DEMOCRATS SCHUMER AND PELOSI SAY SENATE REPUBLICANS APPEAR SET ON COVID RELIEF BILL THAT 'DOESN’T COME CLOSE TO ADDRESSING THE PROBLEMS AND IS HEADING NOWHERE' tweet at 11:51am: CONGRESS DEMOCRATIC LEADERS: THE SENATE REPUBLICANS' NEW CORONAVIRUS AID BILL CONTAINS POISON PILL PROVISIONS THAT DEMOCRATS WOULD NOT SUPPORT.

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  • Posted: Sep 8, 2020 10:52am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 1  /  Views: 3,420
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