Andrew Bailey, the Bank of England Governor, acknowledged the second-quarter GDP contraction of 35% outlined by the Office of Budget Responsibility (OBR) was within reason.
Blogs
AUD/JPY: Can Bounce Off of Support Zone Extend Farther? – 20 April 2020
Australian Prime Minister Morrison and his government is exploring options to pay for the massive stimulus announced in response to the global Covid-19 pandemic.
New Zealand is Reopening its Economy – 20 April 2020
New Zealand's government decided about going back to normal gradually from next week, as they plan to lift up the restrictions
Pound Lower as Lockdown Continues – 20 April 2020
The Pound Sterling edged lower against the US Dollar as the numbers of deaths from the Coronavirus increased in the UK.
Euro Forecast: More Weakness Due in EUR/USD and EUR/JPY Rates?
Although Euro losses have slowed over the past few weeks, the context of the recent consolidations offers little reassurance for bulls.
EUR/GBP, GBP/USD and GBP/NZD Prices and Outlook – UK Webinar
Sterling (GBP) is coming under pressure as Brexit trade talks reopen, while data this week may push the British Pound lower.
Crude Oil Volatility Surge Ahead of Expiration – US Market Open
The drop in oil prices has been grabbing the headlines with WTI trading below $12/bbl. However, June contract trades at $22/bbl
New York state coronavirus numbers: Deaths 14,347 versus 13,869
New York State numbers being presented by Gov. Cuomo – New York deaths rise by 478 to 14,347. That's up from 13,869. – Numbers suggest we are off plateau and seeing a dissent
UK coronavirus cases rises to 124,743 from 120,067 yesterday
UK coronavirus numbers are being reported The UK coronavirus numbers are being reported for the day: See here for global coronavirus case data
Canada's confirmed coronavirus cases rise to 35,392 from 33,922 on April 19
Canada's coronavirus numbers for the day See here for global coronavirus case data