Bank of England Reports Published in September 2020

Monthly Decision Maker Panel data – September 2020Read the report

The Decision Maker Panel (DMP) is a survey of Chief Financial Officers from small, medium and large UK businesses. It is used it to monitor developments in the economy and to track businesses’ views.

Bank Rate maintained at 0.1% – September 2020Read the report

Monetary Policy Summary and minutes of the Monetary Policy Committee meeting.

UK International Reserves – September 2020 Read the report

The Bank of England manages the UK’s official reserves on behalf of the Government. They publish data on UK holdings of international reserves and foreign currency liquidity once a month.

Thousands of UK firms may need to set up an EU office

From: The BBC

Thousands of UK businesses may need to set up an EU presence if they want to export goods to European markets, according to trade consultants Blick Rothenberg.

Both EU and UK law will require companies to “have a door to knock on” if there are any disputes over payment and compliance with customs changes that will treat the UK as if it were any other non-EU country after 1 January.

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Pound Recovers After Parliamentary Bill Approved

From: Daily FX

The Pound Sterling recovered after a brief move lower against its EU and US counterparts after the UK’s House of Commons approved the Internal Market Bill.

Though analysts had expected the bill to pass, despite the fact that some parts of it knowingly break international law, they believe the pressure on Sterling will be brief and minimal.

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Dollar Traded Cautious Ahead of Debate

From: Daily Forex

Market players have been somewhat cautious despite last week’s gains, as concerns grow over the spread of the Coronavirus and the lack of progress in discussions about additional economic support for those negatively impacted by the pandemic.

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China Stocks Rise on Recovery Hopes, STAR Market Jumps

From: Reuters

Chinese stocks closed higher on Tuesday with tech shares leading the gains, buoyed by hopes of a sustained domestic economic recovery.

Underscoring China’s early recovery, the World Bank projected growth in China to be at 2% this year, while the rest of the East Asia and Pacific region will see a 3.5% contraction.

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Dollar, Yen Gain as Trump’s Positive COVID Test Sparks Haven Buying

From: Reuters

The safe-haven yen and dollar rose on Friday after President Donald Trump tested positive for COVID-19, rattling investors just a month before November’s U.S. presidential election.

Data showing U.S. nonfarm payrolls rising less than expected in September, but with a drop in the unemployment rate, had little impact on currencies, as markets focused on Trump’s health.

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FX Rates in September


Sep High: 1.1259
Sep Low: 1.0819
Sep End: 1.0938


Sep High: 1.3401
Sep Low: 1.2700
Sep End: 1.2833


Sep High: 1.1979
Sep Low: 1.1632
Sep End: 1.1727