Wednesday session. We are one hour is today. There is the stoxx 600 down by 1 3 of 1 . The third continuous decline. A while. Ain in the highest in 15 years. Loafers, handbags contribute into it. 2 . October, its up by as we approach the december fed meeting, many expecting, there. S 70 probability ofa a hike u. S. Crude stockpiles expanded it prefersays freezing output at current levels rather than cutting production. Lets get to my first wonderful chart of the day. Its all about volatility expectations. Uge. Ss asset gagu as you can see, it has fallen to the lowest level since 2014. Are investors getting too comfortable . Making some nervous threats from washington to beijing. The uncertainty about the u. S. President ial vote has diminished. Investors are coming to terms with the potential rate hike and december. Its possible investors are too nervous to make any big bets. What a wonderful chart. Lets get to bloomberg first word news. Thank you so much. In extended fell trading afte
March 8, 2021 - Written by John Cameron
The Pound to Euro (GBP/EUR) exchange rate edged higher this morning as business confidence rose across the UK in data released from February.
At the time of writing GBP/EUR are currently trading at around 1.1641, the exchange rate is further gaining following comments from Bank of England (BoE) Governor Andrew Bailey.
Pound (GBP) Exchange Rate Supported by 12-Month High Business Confidence from the UK
The Pound was supported this morning from renewed optimism in business confidence in the UK’s services sector.
Data released from accountancy and business advisory firm BDO LLP showed that the BDO’s Service Optimism report jumped to 94.13 in February.