Next Week’s Menu: December 26,2020 – January 01, 2021

Central Banks: No meaningful interest rate policy reviews are scheduled. Bank of Canada Governor Macklem speaks publicly, and the Bank of Japan’s publishes a summary of its most recent Board meeting. Holidays and Special Events: Boxing Day is observed Monday in Australia, Canada, New Zealand and Great Britain. Several markets will be closed Thursday either […]

* This article was originally published here

Brexit Deal Done: Pound Euro Exchange Rate Surges as Likely Brexit Deal Today

The Pound to Euro (GBP/EUR) exchange rate advanced by almost 1% on Wednesday PM as news broke that a no.10 source said a Brexit deal was "Possible but far from certain," adding that it could be ready by Wednesday evening. GBP/EUR jumped by almost one percent on the day but has since pulled back to trade around 1.1056. Reports...

* This article was originally published here

GBP to USD Exchange Rate Struggles to Sustain Recovery as Investors Look to Safe Havens

Despite reports of a new strain of the coronavirus in Britain, the British Pound to US Dollar (GBP/USD) exchange rate has been recovering from its worst levels on a combination of Brexit hopes and UK data today. However, the US Dollar’s own fortunes are reversing after weeks of poor performance, as markets start to look for safer...

* This article was originally published here

Pound to Norwegian Krone (GBP/NOK) Exchange Rate Heads Higher as Oil Prices Drop on Covid-19 Fears

GBP/NOK Exchange Rate Rises as Dropping Oil Prices Weaken Norwegian Krone The Pound to Norwegian Krone (GBP/NOK) exchange rate rose today, with the pairing currently trading around 11.645kr. The Norwegian Krone (NOK) fell today owning to a fall from highs in oil prices this week, resulting in limited demand for the...

* This article was originally published here