Sterling in for bumpy ride as lockdowns spoil post-Brexit party

© Reuters. Illustration photo of a British Pound Sterling note By Elizabeth Howcroft and Saikat Chatterjee LONDON (Reuters) – Currency markets are signalling a bumpy ride for the British pound as tighter lockdown measures are expected to offset Brexit deal optimism that propelled the currency above $ 1.37 on Monday. The pound’s rally to May […]

Continue Reading

JP Morgan expect a ‘bumpy’ Q4 for the euro zone – stay short EUR/USD

I posted earlier on  Goldman Sachs’ EUR wariness: JPM is short EUR/USD in anticipation of a bumpy 4Q for the Euro area analysts looking at positive developments on vaccines and saying these reduce tail risks for 2021 this should prompt flows out of USD, but this is being limited by short USD positioning and UST yield […]

Continue Reading

Fed’s Harker sees shape of recovery as ‘bumpy swoosh’

(Reuters) – Philadelphia Federal Reserve Bank President Patrick Harker said on Friday he does not expect the economy, now growing quickly after a sharp downturn, to reverse course into a double dip recession, but he does expect the recovery to be uneven and slow. “I see a swoosh, a Nike-swoosh type recovery, but a very […]

Continue Reading