The Brexit deal may be reached soon and the GBP is surging amid pre-Christmas atmosphere
Tag - eur
A risk on and weak dollar theme dominated markets on optimism regarding vaccines, US and UK fiscal stimulus, and Brexit, with hope an agreement on the latter can be reached soon.
The USD continues dipping, while the GBP is rising on hopes for the Brexit deal done today.
U.S. stocks are set to open moderately higher, with signs of the market slowing down ahead of the Christmas holiday.
The Brexit deal can be reached on December 24, according to media reports.
Investors continue to assess the vaccine rollout versus fears over a new virus variant. US stocks and oil slipped as Donald Trump threatened not to sign a long-awaited stimulus bill into law.
US stocks and oil slipped as Donald Trump threatened not to sign a long-awaited stimulus bill into law. The market sentiment had been already fragile, and Trump’s comments worsened it even more.
The dollar was down on Wednesday morning in Asia, despite caution over the new B.1.1.7 strain of the COVID-19 virus pushing investors turn toward safe-haven assets.
The new Covid-19 strain has been found in the United Kingdom. The market sentiment immediately worsened after the report and pressed EUR/USD down.
Countries across the globe shut their borders to Britain on Monday due to fears about a new strain of coronavirus
The market sentiment deteriorated as the new Covid-19 variant engulfed the UK. As a result, riskier assets such as S&P 500, oil, the AUD, the NZD dropped.
The GBP doesn't know where to go while the Brexit negotiators are trying their last chances, gold is at $1 900