Tag - gbp

With Brexit being the last-minute breakthrough - or a failure - possibility, let's review the layout for the GBP against the EUR and the USD. We will review oil, gold, and other Forex assets too - and don't forget the US and the UK interest rates this week!

There are three main market drivers these days: vaccine, Brexit, and US stimulus package.

Vaccine news, Brexit developments, and hopes for the US stimulus package are the main market drivers! How to start the week?

UK PM Johnson: It is looking very, very likely we will have a no-deal Brexit

The British pound is going down. To where?

The euro has been volatile after the meeting of the European Central Bank. At the same time, the GBP keeps going wild amid Brexit uncertainties. Watch more!

The BOE will announce its monetary policy and rate decision on Thursday at 14:00 MT time.

Looking ahead, highlights rom macroeconomic calendar include UK GDP and output data, Swedish inflation, ECB rate decision & press conference, US CPI, IJC, EU Council Meeting, BoC's Beaudry, FDA EUA meeting

The ECB statement and US unemployment claims will be out today. How the market will react?

EUR/USD, GBP/USD, AUD/USD, and XAU/USD have reached interesting technical levels. Traders are hoping that the US authorizes the Pfizer vaccine this week. They also want to know how the dinner between the UK Prime Minister Boris Johnson and European Commission Ursula von der Leyen goes and how it will influence Brexit.

US stocks are set to extend Monday’s losses when markets open later, as concern about the spread of lockdown measures to tackle the pandemic returns to haunt cyclical stocks.

All attention on the market is on the Brexit process. Fears over the no-deal Brexit pushed the British pound deep down.