OctaFX | OctaFX Forex Broker
Open trading account
Back

UK PM Johnson sets sights on speedy US-EU trade deals - FT

In an article in the Finacial Times, UK's PM Boris Johnson is quoted saying that he will hold bilateral trade deals between the UK and US at the same time as with the EU and aim to wrap things up with the EU by the end of 2020. 

FX implications

That is all well and good, but we need to see evidence that trade talks with both the US and EU are moving forward in a positive trajectory, otherwise, the markets will remain sceptical that anything can be achieved in such a short time frame and risks of a hard Brexit will continue to weigh on the pound.

More on the pound, here

  • GBP/USD: A bad recipe being cooked-up for the bulls

 

GBP/USD: A bad recipe being cooked-up for the bulls

GBP/USD is trading between a low of 1.2961 and 1.3008, relatively flat on the day at this juncture, in a market for the pound immersed in dovish rheto
Read more Previous

USD/MXN remains under 18.70, near 15-month lows

The USD/MXN bottomed on Monday at 18.64, the lowest intraday level since September 2018 and then it bounced to the upside. Near the end of the session
Read more Next
Start livechat