Deutsche releases its latest forecast for the euro and pound expecting EUR/USD at 1.3000 and GBP/USD at 1.4600 respectively by the end of next year.There’s not much other details but I reckon it is a fair assumption that they are betting on dollar weakness being a key theme driving the Continue Reading
UK approves Pfizer-BioNTech COVID-19 vaccine, first in the world
By Guy Faulconbridge and Paul Sandle LONDON (Reuters) – Britain on Wednesday became the first western country to approve a COVID-19 vaccine, jumping ahead of the United States and Europe after its regulator cleared a shot developed by Pfizer for emergency use in record time. The vaccine will be rolled out Continue Reading
StockBeat: Frasers, JD Sports, Boohoo Set to Cash in on U.K. Retail Crisis
By Geoffrey Smith Investing.com — The crisis in the U.K. retail sector is coming to a head thanks to Covid-19, and while the identify of the losers has been clear for a while, it’s still far from clear who will be the big winners. No amount of government help, furlough Continue Reading
UK mortgage approvals jump again to 13-year high
LONDON (Reuters) – British lenders approved the highest number of mortgages in over 13 years in October, Bank of England data showed on Monday, suggesting no let-up yet in a post-coronavirus lockdown bounce-back in the country’s housing market. Mortgage approvals for house purchase hit 97,532, up from 92,091 in September Continue Reading
ECB sees lower inflation but growth outlook brighter: de Guindos
FRANKFURT, Nov 28 (Reuters) – The European Central Bank expects prices in the euro zone to keep falling this year and rebound more slowly in 2021 than it previously thought even as the prospect of a coronavirus vaccine boosts the growth outlook, ECB vice president Luis de Guindos said in Continue Reading
UPDATE 1-UK shares set for weekly loss on vaccine doubts, Brexit concerns
Nov 27 (Reuters) – London stocks slipped on Friday, set for their first weekly loss this month on doubts over the efficacy of AstraZeneca’s COVID-19 vaccine and concerns over a post-Brexit trade deal with the European Union. The blue-chip FTSE 100 index UK100 fell 0.7%, while the domestically focussed mid-cap FTSE 250 Continue Reading
Decisive days for UK trade pact, EU prepares for no-deal Brexit
BRUSSELS (Reuters) – The European Commission cannot guarantee there will be a trade pact with Britain after its departure from the European Union and the coming days will be crucial, the EU’s chief executive said on Wednesday, adding the bloc was prepared for a no-deal. “The next days are going Continue Reading
Factbox: Brexit and the City of London: what changes and when
LONDON (Reuters) – Britain, which left the European Union in January, loses full access to the bloc under transition arrangements that end at 2300 GMT on Dec. 31. The EU is Britain’s biggest financial services customer, worth about 30 billion pounds ($40 billion) a year. The relationship has helped keep Continue Reading