Monday, November 30, 2020

November 2020 in Figures

November was a momentous month both within financial markets and surrounding news. in the price of gold was only slight. Donald Trump became only the sixth incumbent president since 1900 to lose his bid for reelection. More rare, his political party picked up seats in the U.S. House of Representatives and stands a decent chance […]

* This article was originally published here

Next Week’s Menu: November 28 – December 4, 2020

Central Banks: Monetary policies to be reviewed in Australia, India, Poland and Israel. Powell and Williams of the Federal Reserve, Tenreyro of the Bank of England, and Lowe of the Reserve Bank of Australia speak publicly. The Fed Beige Book will be published. Special Events: Meetings of OPEC and EcoFin. Continuing U.K./EU trade negotiations. Purchasing […]

* This article was originally published here

Pound Canadian Dollar (GBP/CAD) Exchange Rate Under Pressure as UK Car Production Slump Worsens

Falling UK Car Production Fuels Pound Canadian Dollar (GBP/CAD) Exchange Rate Losses The sharper-than-expected decline in October’s UK car production figure left the Pound to Canadian Dollar (GBP/CAD) exchange rate under pressure. Worries over the health of the UK manufacturing sector picked up as car production...

* This article was originally published here

Swedish Riksbank

The Swedish Riksbank’s repo rate has been at 0% or negative since February 2015. It’s last change, a 25-basis point hike to zero percent, was done in December 2019. A statement after the just-completed latest policy review by the central bank’s Executive Board expands the size of the asset purchase program from SEK 500 billion […]

* This article was originally published here

GBP to ZAR Exchange Rate Knocked as Britain’s Outlook Seems Gloomy amid Brexit and Coronavirus

Brexit hopes rising this week have not been enough to keep the British Pound to South African Rand (GBP/ZAR) exchange rate near its best levels. Instead, markets have been impressed by all the good news in recent weeks, which is making high yielding risk and emerging market currencies like the South African Rand particularly appealing....

* This article was originally published here

Pound to South African Rand Exchange Rate Falls as Covid-19 Vaccine Hopes Boost ZAR

GBP/ZAR Exchange Rate Sinks as Covid-19 Vaccine Hopes Uplift SA Markets The Pound to South African Rand (GBP/ZAR) exchange rate fell by -0.4% today, with the pairing currently trading around R20.426. The South African Rand (ZAR) has benefited from this week’s announcement of another successful Covid-19 vaccine...

* This article was originally published here

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Rallies in Spite of NZ Retail Sales Resurgence

Strong NZ Retail Sales Fail to Dent Pound New Zealand Dollar Exchange Rate The Pound to New Zealand Dollar (GBP/NZD) exchange rate rallied at the start of the week in spite of an unexpectedly strong rebound in the third quarter New Zealand retail sales data. Although sales rose 28% on the quarter this was not enough...

* This article was originally published here