Sterling retains the upbeat tone today under the effect of the continued widespread USD bearishness and the hopes that Britain will reach a Brexit trade deal with the European Union before its leaves EU in January. These hopes was raised by the recent positive comments from British government officials and also by the announcement that one of the architects of the Brexit project Dominic Cumming, was set to leave the government- adding to the probability the previous rigid stance by UK officials will be relaxed to help reach the much-awaited Brexit deal. Sterling sentiment also improved after Dave Ramsden (Bank of England Deputy Governor) said that positive news about COVID-19 vaccines could help to reduce the risks facing Britain’s economy.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
GBPUSD overview 18.11.2020
Sterling rises on hopes for Brexit deal.
Sterling retains the upbeat tone today under the effect of the continued widespread USD bearishness and the hopes that Britain will reach a Brexit trade deal with the European Union before its leaves EU in January. These hopes was raised by the recent positive comments from British government officials and also by the announcement that one of the architects of the Brexit project Dominic Cumming, was set to leave the government- adding to the probability the previous rigid stance by UK officials will be relaxed to help reach the much-awaited Brexit deal. Sterling sentiment also improved after Dave Ramsden (Bank of England Deputy Governor) said that positive news about COVID-19 vaccines could help to reduce the risks facing Britain’s economy.
Expect buyers on downward corrections.
Next resistance to watch 1.3310
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Open account
Latest Posts
Amega launches a brand new client area… and the crowd goes wild!
16 November 2023Amega reduces spreads up to 50%
25 September 2023Amega is going to the Traders Fair South Africa, 2023
14 September 2023Copycats: How social trading is changing the game.
18 July 2023BRENT 14.07.2023
14 July 2023Categories
Tags