A recent report by Goldman Sachs suggested that the market is over reacting to concerns over a Brexit without a trade deal, noting that the British Pound (GBP) is currently trading at attractive levels. “For investors willing to look through some near-term volatility, current levels for sterling longs now look …

European stocks closed higher on Monday, opening the week on a positive note after some fluctuations. Positive news about COVID-19 vaccine trials helped boost investors’ sentiment and risk appetite. The Stoxx Europe 600 index closed up by 0.18% or 0.68 points at 368.64 points. The UK’s FTSE100 slipped by 0.10%, …

The United States Secretary of Treasury, Steven Mnuchin, said on Monday that he will continue to work to reach a deal with Congress for a new economic stimulus package. Speaker of the House, Nancy Pelosi, recently expressed hopes for a new deal to help the economy cope with the complications …

The German economy is expected to maintain recovery until the end of the year, according to Germany’s economy minister. The minister expects strong growth during the third quarter (Q3) of 2020. However, reaching pre-COVID-19 levels is not expected before 2022. “The German economy is continuing to pick up, albeit at …

The United States economy is recovering at a pace that is faster than initially expected, a recent survey by The Wall Street Journal suggested. Participating economists and market experts are expecting the US gross domestic product (GDP) will achieve a growth rate of 23.9% during the third quarter (Q3) of …

The United Kingdom (UK) has reached a trade agreement with Japan for the post-Brexit stage, which is the first of its kind for London, Reuters reported. Under the new deal with Japan, around 99% of British exports will be exempted from tariffs. Bilateral trade reached GBP 29.5 billion in 2018, …

The United States federal government’s budget deficit exceeded $3 trillion during the first 11 months of fiscal year 2020. Deficit in August amounted to $200 billion, Reuters reported. Year-to-date, the deficit reached $3.007 trillion nearly triple that of the same period last year.

Oil prices declined on Friday, logging their second consecutive weekly decline amid a mostly negative outlook for global demand. Brent crude futures for November delivery closed lower by 23 cents, or 0.6%, at $39.83 per barrel losing 6.6% for the week. Meanwhile, the West Texas Intermediate (WTI) futures for October …

Gold prices declined on Friday, limiting its weekly gains, amid recent fluctuations by the US Dollar (USD). Gold futures for December delivery closed lower by $16.40, or 0.8%, at $1,947.90 per ounce, adding 0.7% for the week. Meanwhile, silver December futures decreased by 43 cents, or 1.6%, and finished at …

The Prime Minister of France, Jean Castex, said on Friday that there are currently no plans by his government to impose a lockdown to combat the outbreak of the coronavirus (COVID-19), despite a recent surge in new confirmed cases, Reuters reported. “The virus is with us for several more months …