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14 Oct 2020

BoE's Haldane: Businesses and consumers show flexibility in response to COVID

Consumers and business in the UK have shown "remarkable flexibility" in response to the coronavirus crisis,  Andy Haldane, the Chief Economist of the Bank of England (BoE), said on Wednesday, as reported by Reuters.

"This flexibility gives me some confidence that the UK recovery will persist despite risks on the horizon," Haldane added.

Market reaction

The British pound showed no reaction to these comments. As of writing, the GBP/USD pair, which touched a daily high of 1.3065, was up 0.65% on the day at 1.3018.

Oct 14, 2020

US Treasury Secretary Mnuchin: A deal before elections is difficult

Equity prices turned to the downside after US Treasury Secretary Steven Mnuchin mentioned that stimulus talks are still far apart. Speaking at the Mil
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Oct 14, 2020

USD/CAD Price Analysis: Still pointing to the downside despite rising to 1.3165

The USD/CAD is rising for the second day in a row but is still trading sharply lower compared to the level it had a week ago and still the bias points
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