UK PM Johnson will offer a speech this Sunday at 18:00 GMT and is predicted to announce plans to lift the kingdom’s lockdown. He repeatedly expressed his concerns a few possible second wave, which can end in plans for a slow economic comeback, which can have a negative effect on the Pound.
The EUR remains among the weakest currencies, undermined by dismal local data and therefore the latest German Constitutional Court ruling on the ECB’s QE stimulus program from 2015. Investors are concerned the financial institution may hesitate to feature additional stimulus from here on.
Tensions between the US and China take their toll on the market’s mood, although on Friday, representatives from both economies held phone talks and vowed to stay the phase one among the trade deal alive.
Gold prices retreated on Friday with spot ending the week at $1,700.00 a ounce , undermined by profit-taking and a return to high-yielding assets at the top of the week.
Crude oil prices ranged on Friday, ending the day with modest gains. WTI settle some cents below $25.00 a barrel.