Economic Report

The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected. The ECB further announced that it decided to increase the envelope under the Pandemic Emergency Purchase Programme …

The euro stabilized Thursday, December 10, before the European Central Bank unveiled new stimulus measures, while the British pound fell after trade talks on Brexit were extended until the next few days, seeking an elusive breakthrough. European Central Bank officials have made clear in recent weeks that a larger program …

The European Central Bank faces a difficult situation as it needs to decide whether to resort to a more monetary stimulus or whether to take smaller steps to address the current risks. The euro was one of the best performing currencies, up 8% against the dollar so far while it …

The Bank of Canada (BoC) on Wednesday maintained interest rates unchanged, as well as its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week. The rebound in the global and Canadian economies has unfolded …

The British Ministry of Commerce said that starting from January 1, Britain will suspend customs duties imposed on US goods in a dispute over aircraft support, describing the move as an attempt to reduce the escalation of a devastating conflict in international trade. This decision is Britain’s first deviation from …

Markets are looking forward to Wednesday’s decision interest rates by bank of Canada, and it is widely expected that the Bank of Canada will leave the interest rate unchanged (0.25%). The bank may make some statements regarding the Canadian economy after Canadian data came in above expectations in terms of …

The dollar fell in Asia on Wednesday (December 9th), as signs of progress in the fight against the Covid-19 pandemic undermined demand for safe assets, while the pound was facing anxious anticipation ahead of a meeting of leaders seeking to salvage a trade deal of Brexit The US currency fell …

The Prime Minister of Poland, Mateusz Morawiecki, said on Tuesday that another meeting for the leaders of the European Union (EU) could be necessary to agree on the next budget and coronavirus recovery fund, Reuters reported. “It may happen that another summit will be necessary… maybe there will be more …

The British pound recorded the biggest move in quiet trading in the currencies of the Group of Ten major countries today, Tuesday, and declined in general with the growing state of caution among investors awaiting the outcome of trade talks with Britain, which approached their last moments without reaching an …

The British government and the European Union (EU) are holding what could be the latest round of talks to reach a trade agreement for the post-Brexit stage. Significant differences reportedly still remain, CNBC reported citing sources in the United Kingdom (UK). Disagreements are mainly within three issues, namely: fisheries, competition …