GBP/USD traders bear the burden of the UK’s second national lockdown while ignoring upbeat news favoring odds of a soft Brexit. Also weighing the quote could be the US dollar gains amid the cautious sentiment ahead of tomorrow’s American election. In order to avoid the 20% GDP contraction, as it happened during the first lockdown [...]
Fears that the coronavirus (COVID-19) resurgence will recall the UK’s national lockdown recently weigh on the pound. This ignores the US dollar’s latest corrective pullback amid a light calendar. Covid updates, Brexit news and the second-tier US data should be watched for near-term direction. Tory government diplomats while citing the pressure to impose a national [...]
The cost of living in the UK as represented by the Consumer Price Index (CPI) for September month is due on Wednesday at 06:00 GMT. The key inflation data will pave the way for market forecasts despite the current Brexit drama and the US stimulus headlines that dim the charm of the crucial economic releases. [...]
US dollar seems to be somewhat strong in the prevailing environment of growing uncertainty about US fiscal stimulus and the potential for a breakdown in Brexit talks. Surge in the COVID 19 cases in Eurozone also weighs on the market sentiment and US consumption data are eyed ahead of the weekend. President Donald Donald Trump [...]
