Pound Drops On Covid Worries
The pound weakened against its key counterparts in the early
European session on Thursday, as risk sentiment faded amid
continued surge in virus cases in the U.S. and Europe and as U.K.
GDP missed expectations in the third quarter.
The U.S. set a new mark with more than 136,000 new coronavirus
infections on Wednesday, according to Johns Hopkins University
New York will impose a handful of restrictions on bars,
restaurants and gyms to tackle several "hotspot" outbreaks, Gov.
Andrew Cuomo said on Wednesday.
France reported 35,879 new coronavirus cases on Wednesday,
taking the total to 1.86 million and making it the worst affected
country in the European region.
Data from the Office for National Statistics showed that gross
domestic product grew 15.5 percent sequentially in the third
Economists had forecast an expansion of 15.8 percent after
decreasing 19.8 percent in the second quarter and 2.5 percent in
the first quarter.
In other economic news, survey results from the Royal
Institution of Chartered Surveyors showed that the UK residential
market activity strengthened in October as guidelines permit the
market to stay open during the second lockdown.
The house price balance advanced unexpectedly to 68 percent from
62 percent in the previous month. The expected balance was 55
The pound depreciated to a 2-day low of 0.8945 against the euro,
compared to yesterday's closing quote of 0.8904. The pound is seen
challenging support around the 0.92 level.
Final data from Destatis showed that German consumer prices
decreased in October, as initially estimated.
The consumer prices fell 0.2 percent year-on-year in October,
same as seen in September, as initially estimated.
The pound fell sharply against the dollar, touching a 2-day low
of 1.3168. At yesterday's close, the pair was worth 1.3218. The
pound is likely to face around support near the 1.28 mark.
The pound was down against the franc, at a 2-day low of 1.2062.
The pair was quoted at 1.2117 at Wednesday's close. The pound may
test support around the 1.18 level, if it falls again.
The GBP/JPY pair lost traction during the day, hitting a 2-day
low of 138.65. The pair had closed Wednesday's deals at 139.37.
Should the pound slides further, 135.00 is likely seen as its next
Data from the Ministry of Economy, Trade and Industry showed
that Japan's tertiary activity rose for the fourth month in a row
The tertiary activity index rose 1.8 percent month-on-month in
September, following a 0.8 percent increase in August.
Looking ahead, Eurostat is set to issue euro area industrial
production for September in the European session.
The U.S. weekly jobless claims for the week ended November 7 and
consumer inflation for October will be featured in the New York
Euro vs CHF (FX:EURCHF)
から 12 2020 まで 1 2021
Euro vs CHF (FX:EURCHF)
から 1 2020 まで 1 2021