GBP/USD: Optimism is prevalent, yet the dual set of Brexit and US stimulus talks may hit roadblocks

GBP/USD has been advancing as Brexit and US stimulus talks continue. Investors are also shrugging off the spread of top-tier lockdowns in the UK, Yoha  |  21/10/2020 11:36

GBP/USD has been advancing as Brexit and US stimulus talks continue. Investors are also shrugging off the spread of top-tier lockdowns in the UK, Yohay Elam, an Analyst at FXStreet, reports. 

Key quotes

“The mere continuation of Brexit negotiations is music to pound bulls' ears after last week's crisis. Back then, EU leaders refused to intensify deliberations and Prime Minister Boris Johnson called the nation to prepare for a no-trade-deal exit.” 

“The safe-haven currency has been on the back foot after House Speaker Nancy Pelosi expressed optimism about talks for a large fiscal stimulus bill – letting her self-imposed deadline lapse without cutting off talks. Democrats and the White House team are pressing for a deal, yet Senate Republicans are reportedly pushing against an accord. Pelosi and Treasury Secretary Steven Mnuchin will resume talks later on Wednesday.”

“President Donald Trump has marginally narrowed the gap with rival Joe Biden according to the latest opinion polls. The two septuagenarians will face each other in a televised debate late on Thursday and pollsters are set to publish several surveys ahead of the event.”

“Investors seem to be shrugging off coronavirus cases despite immediate implications to the economy. Additional English regions are entering Tier Three of restrictions – the harshest. By the weekend, around 14% of England and all of Wales will be under considerable limitations. Johnson's government is considering a nationwide ‘circuit-breaker’ lockdown, yet that is still far from an operational plan.”

 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com