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November in the Markets.

Bank of England Reports Published in November 2020

PRA Regulatory Digest – November 2020 – Read the report

The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.

Monetary Policy Report – November 2020 Read the report

The Bank of England’s quarterly Monetary Policy Report sets out the economic analysis and inflation projections that the Monetary Policy Committee uses to make its interest rate decisions.

Market risk: Calculation of risks not in value at risk, and stressed value at risk – PS23/20 Read the report

This Prudential Regulation Authority (PRA) Policy Statement (PS) provides feedback to responses to Consultation Paper (CP) 15/20 ‘Market risk: Calculation of risks not in value at risk, and stressed value at risk’.

UK house price growth ‘fastest for almost six years’

From: The BBC

UK house prices are 6.5% higher than a year ago – the sharpest rise for nearly six years, the Nationwide has said.

The acceleration came as the housing market remained “robust” despite the economic effects of the coronavirus pandemic, the lender said.

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Traders Hoping for Positive Brexit News

From: Daily FX

Markets watch with bated breath as Brexit deadline approaches; announcements from the ECB are expected.

FX traders still have high hopes that a Brexit deal can be reached in the very near term. This was evidenced by the GBP/USD pair holding above the $1.33 level.

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Sterling Slides as Traders Await Clarity

From: Daily Forex

How the coronavirus pandemic impacted growth and spending will be of great importance to market players in gauging the strength of the pound.

Sterling moved lower against the euro as Forex traders hold their collective breath for clarity on this week’s Brexit negotiations.

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Deutsche Bank sees trade finance at pre-COVID levels by mid-2021

From: Reuters

Deutsche Bank forecasts trade financing will rebound to pre-COVID levels by the middle of next year, an executive said on Friday.

“Since the news that a COVID-19 vaccine might be broadly available in the New Year, our global trade finance outlook has improved,” said Daniel Schmand, Deutsche Bank’s Head of Trade Finance and Lending.

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Global stock markets slide at end of record November

From: Reuters

World stock markets dipped on Monday to close a record-breaking month as the prospect of a vaccine-driven economic recovery next year and further central bank stimulus measures eclipsed immediate concerns about the spiking coronavirus pandemic.

November’s record 12.6% leap added approximately $6.7 trillion – or $155 million a minute – to the value of world equities.

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FX Rates in November

 GBP/EUR

Nov High: 1.1259
Nov Low: 1.1085
Nov End: 1.1155

 

 GBP/USD

Nov High: 1.3385
Nov Low: 1.291
Nov End: 1.335

 

 EUR/USD

Nov High: 1.1964
Nov Low: 1.1636
Nov End: 1.1964