Brexit: Still waiting on a deal to be announced

News

Not much else happening at this point as the UK and EU are still finalising a Brexit trade agreement

No change to the narrative besides some last-minute hitch to fisheries, but that will surely be resolved one way or another as the political will is certainly there.

Both sides will want to get this out of the way before the Christmas break and hopefully before the evening today but there’s no promises for how long this “delay” may be.

The announcement is imminent and the pound is looking a little anxious, though thinner market conditions may also be a factor. Cable still sitting around 1.3585 after testing 1.3600 earlier, trading up by nearly 100 pips on the day currently.

I’ll stick around for a bit more in case there’s anything but if not, I’d like to wish everyone a Merry Christmas and happy holidays! To those already off on an extended break, I wish you a very happy new year as well and may 2021 promise to be a better year!

For bank trade ideas, check out eFX Plus

Articles You May Like

European indices hold slightly higher at the open today
Pound Sterling Price News and Forecast: GBP/USD slips after hitting record high past 100-day SMA
Euro Gains Modestly After German Election, But Coalition Uncertainty Keeps Rally in Check
Gold Price Today: Yellow metal nears record high amid safe-haven buying, opens at Rs 86,380/10 gm
Block shares plunge 17%, head for worst day in 5 years after earnings miss

Leave a Reply

Your email address will not be published. Required fields are marked *