YouGov, the key organization tracking the UK public opinion has released its final report ahead of the vote that will take place on Thursday, December 12.
Evergreen buck keeps to 2018 maximums
On Tuesday, the evergreen buck kept to the highest levels of 2018 against the backdrop of hopes for higher American interest rates, while the UK currency rebounded from one-and-a-half week minimums notwithstanding everlasting Brexit uncertainty.
Indicating the greenback’s purchasing potential against a number of its primary rivals the USD index hit 97.41, which is not far from Monday’s 16-month maximum of 97.53.
Eventually, demand for the evergreen buck was backed after the previous week the Federal Reserve hinted that interest rates would probably ascend in December and also at the beginning of 2019 because the American economy seems to be firm enough on nearly every front.
The greenback was trading close to five-week peaks versus its Japanese rival. The currency pair USD/JPY surged by up to 0.23% trading at 114.10.
Market sentiment was backed by expectations that trade clashes between China and America would recede after reports that China's key trade negotiator was geared towards visiting the United States ahead of a gathering between the two countries' presidents later this month.
The UK currency managed to regain ground. The currency pair GBP/USD added 0.33% ending up with a result of 1.2891. However, profits were held in check against the backdrop of worries that the United Kingdom could leave the European bloc even without a Brexit deal.
On Monday, the British pound reached a minimum of 1.2826 versus the evergreen buck, which happens to be the weakest value since November 1.
The common currency generally surged. The currency pair EUR/USD added 0.1% showing 1.1230. The euro struggled to make headway with market participants focused on the everlasting clash between Rome and Brussels over Italy’s budget.
In October, the European Commission didn’t approve Italy's 2019 budget due to the fact it violated EU fiscal rules and the Italian cabinet is expected to submit a modified budget plan until later Tuesday.
The main attention of traders is paid to the news concerning the US-China developments ahead of the US tariffs deadline scheduled on December 15.
Black Friday for the currency market: the Non-Farm Payrolls are out!
The GBP traders await the outcome of the election, while the euro may follow the words of the new ECB president Christine Lagarde. Read more!
The Federal Reserve had the meeting on Wednesday - we take the first look at the results and try to understand what's coming next.