The british pound (GBP/EUR) exchange rate rose on Thursday, ending a two-game loss streak. The pair has stabilized by -0. 35% in the last consultation at 1. 0975 euros, below the minimum of 1. 0956 euros, but still at a certain distance from the maximum of 1,1039 euros. At 5:15 a. m. UTC, GBP/EUR trades 0. 1% at $1,0990
Book investors are unaware of the growing number of covid infections in the UK. Boris Johnson is reportedly drawing up plans for stricter restrictions on bar closures in northern England as the Ministry of Finance completes additional stimulus measures for the hotel sector. just be in position until Monday
While the UK’s economic recovery has remained stable so far, tightening blockade restrictions can temporarily derail the fragile recovery.
The uncertainty of the Brexit does not go out. Boris Johnson has said he needs to see a transparent picture of an industry agreement until 15 October, in a different way, the UK will withdraw from negotiations. An EU diplomat said the EU was not contemplating granting a concession to meet Boris Johnson’s deadline. will continue for now and the headlines will turn the e-book around.
Bank of England Governor Andrew Bailey is scheduled to speak later in the day.
The euro sometimes fell out of favor, although it remained flat compared to the weak pound amid the increase in coronavirus cases in the old continent. Virus.
New infections in France increased to 18,746 in 24 hours and French President Macron ordered the closure of Paris for two weeks, which could lead to a deep contraction of the French economy.
In the economic calendar, German commercial production remained well below expectations -0. 2% for one month. Analysts expected a 1. 5% increase. Knowledge comes after factory orders shattered forecasts by up to 4. 4%, which seems to be how fragile the recovery is.