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GLOBAL & REGIONAL DAILY (Tuesday 8 September, 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
September 8 2020
Global Markets
The EUR/USD was little changed on the day, while the GBP remained under pressure on mounting Brexit uncertainty. The UK government is reportedly preparing a new legislation that would override key parts of the legally-binding Brexit Withdrawal Agreement, while the EU warned that there would be no trade deal if the UK tried to tinker with the Brexit divorce treaty.
Greece
For the period Jan-Jul 2020 the total value of imports stood at €28.1bn, lower by 14.9YoY while the total value of exports reached €17.7bn lower by 11.8%YoY. As a result, the deficit of the trade balance for that period amounted to €10.4bn, recording a drop of 19.5%YoY.
CESEE
CYPRUS: On Friday evening, Standard and Poor’s affirmed the long-term sovereign rating of Cyprus at BBB- with a stable outlook
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