The Brexit deal may be reached soon and the GBP is surging amid pre-Christmas atmosphere
Tag - eur
A risk on and weak dollar theme dominated markets on optimism regarding vaccines, US and UK fiscal stimulus, and Brexit, with hope an agreement on the latter can be reached soon.
U.S. stocks are set to open moderately higher, with signs of the market slowing down ahead of the Christmas holiday.
The Brexit deal can be reached on December 24, according to media reports.
Investors continue to assess the vaccine rollout versus fears over a new virus variant. US stocks and oil slipped as Donald Trump threatened not to sign a long-awaited stimulus bill into law.
The dollar was down on Wednesday morning in Asia, despite caution over the new B.1.1.7 strain of the COVID-19 virus pushing investors turn toward safe-haven assets.
The new Covid-19 strain has been found in the United Kingdom. The market sentiment immediately worsened after the report and pressed EUR/USD down.
Countries across the globe shut their borders to Britain on Monday due to fears about a new strain of coronavirus
The GBP doesn't know where to go while the Brexit negotiators are trying their last chances, gold is at $1 900
The review of the last week of the year by FBS
The last weekend was not destined to give birth to the Brexit deal it seems. The pound got weaker.
Boris Johnson is holding emergency talks to avert Christmas food shortages after France banned freight and travel from the UK.