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Virus a Global Emergency, BoE Stands Pat Ahead of Brexit

JFD

EU indices closed in negative territory yesterday, but the US ones managed to rebound, perhaps due to the fact that , although the WHO (World Health Organization) declared the virus as a global emergency, its director said that the measures taken by Beijing would “reverse the tide”. In the UK, the pound rallied as the BoE stayed sidelined, disappointing those expecting a rate cut.

VIRUS A GLOBAL EMERGENCY, BUT WHO DIRECTOR SAYS MEASURES WILL “REVERSE THE TIDE”

The dollar traded mixed against the other G10 currencies on Thursday and during the Asian morning Friday. It gained against NZD, AUD, JPY and SEK in that order, while it lost a lot against GBP, and little versus CHF and EUR. The greenback was found virtually unchanged against CAD and NOK.

Read the full article on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/virus-a-global-emergency-boe-stands-pat-ahead-of-brexit-20200131
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