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GBP/USD Soars 1.4% on Post-Brexit Talks Deadline Extension
The Pound has soared this Monday, with the GBP/USD gaining more than 1.4% after the EU and the UK agreed to extend Brexit trade deal discussions beyond the initial Sunday December 13 deadline. Traders are hailing the development as a show of commitment by both parties to a possible trade deal before the December 31 transition deadline. The decision to extend the talks was made after UK PM Boris Johnson and the EU Commission President Ursula von der Leyden gave their assent. The talks remain deadlocked on fishing rights, with access to UK fishing waters to boats from the EU and state aid rules constituting the areas ... (full story)
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From cnbc.com|Dec 14, 2020Sterling is getting a further boost after British and EU leaders agreed to extend Brexit trade talks beyond Sunday’s deadline, temporarily staving off the threat of a no-deal ...
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From orbex.com|Dec 14, 2020In terms of monetary policy, we’re closing out the year with a lot of activity. Many of the important central banks meet this week to set policy over the holidays. This could set ...
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From think.ing.com|Dec 14, 2020|2 commentsDespite a deafening amount of Brexit-related noise over the weekend, we start the week with a feeling that things may finally be moving in the right direction. Of course, the ...
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From dailypriceaction.com|Dec 14, 2020|6 commentsEveryone seems to want to short GBPUSD in anticipation of a failed Brexit deal. At least that was the case last week. But that kind of herd mentality rarely plays out as expected. ...
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