The pound sterling climbed sharply higher during New York trading on Tuesday as political factors dominated the currency.
The UK government has insisted that the Northern Ireland backstop needs to be taken out of the EU Withdrawal Agreement in order to secure a deal before the October 31st scheduled EU exit.
The rhetoric from EU officials has been generally uncompromising with an insistence that there can be no changes to the Agreement. This apparent deadlock has worsened market fears that there would be a disorderly Brexit.
On Tuesday, German Chancellor Merkel made some comments that she was willing to look at practical alternatives to the backstop.
GBP/USD spiked to highs near 1.2180 while EUR/GBP dipped to near 0.9100. The sterling failed to hold the gains with GBP/USD back below 1.2150 in early Europe on Wednesday.
Angela Merkel and Prime Minister Johnson are due to hold a meeting in Berlin on Wednesday. The rhetoric will be examined very closely to assess whether there is any room for compromise and where there may be a scope for amending the deal to secure a House of Commons majority. Merkel will continue to defend Germany's and the EU interests strongly, although she will also want to keep the negotiations open and will offer at least some crumbs of comfort to the UK government.
The sterling will be inevitably subjected to choppy trading until the weekend. Boris Johnson is also meeting President Macron on Thursday ahead of the G7 Summit which will start on Friday.
Expectations of further monetary easing by global central banks are setting the tone for market sentiment. Short-term yields will tend to move in the sterling's favour. Besides, investors' fears about the global outlook are likely to calm down. Both factors will provide net UK support and trigger some further short covering.
眾議院通過了被Donald Trump稱為「大而美麗」的減稅法案,加上美國綜合採購經理指數(PMI)從50.6上升到52.1,幫助美元重新站穩腳跟。歐元兌美元匯率跌破了1.13。
澳洲央行(RBA)於週三將利率下調25個基點至3.85%,符合市場預期。在結束的新聞發布會上,RBA行長承認曾討論過下調50個基點的可能性。
黃金在達到近兩週的最高點後正在回落。此次回調缺乏明顯的基本面誘因,由於多個支持因素,預計這次回落將受到限制。
美元/加元貨幣對在嘗試從隔夜1.3815–1.3810水準反彈後遇到困難,顯示出一周來的跌勢可能持續。 油價在最近的回調後反彈,這也對加元提供了支持。
如果你損害了與鄰居的關係,就不要指望他們會提供幫助。Donald Trump的關稅政策和後續的強制性談判削弱了其他國家和外國投資者購買美國國債的意願。
由於唐納·特朗普在美國及全球引起的混亂和不穩定,已成為常態。然而,它們仍然對市場造成顯著波動,且這種情況尚未有任何改善跡象。
週三,歐元/美元貨幣對繼續上升走勢。美元已連續超過一週地穩步下跌——這種情況已有一個多月未曾出現。
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.