The EURGBP was lower by 0.40% in early trading on Thursday as the U.K. and European Union looked ready to announce a formal Brexit agreement. The U.K.’s media are expecting Boris Johson to announce the terms of the deal later this morning at Downing Street. The outline of a limited […]
The Dax index was higher by 1.25% in early trading on Thursday after the U.K. and European Union appeared to have come to an agreement on Brexit. The U.K. Prime Minister is expected to announce a formal agreement this morning and this would put four and a half years of […]
The USDZAR is down 0.50% on Wednesday as the South African Rand bounces back from an early-week dollar rally. The greenback bounced as fears of further lockdowns came to the fore. The talk of a new virus variation in the U.K. saw 40 countries banning travel to the country and […]
The EURGBP was trading lower on Wednesday as sterling gains on hopes of a Brexit deal. An agreement is still not looking likely but traders are acting with caution incase there is a sharp move. Despite the small range trading over the past months, there is still the potential for […]
Crude oil was pointing lower for a second day after the commodity looked set to test the $50.00 price level. Oil prices saw their biggest drop in six weeks as the vaccine enthusiasm gave way to fears over new lockdowns in the U.K. which could lead to lower demand and […]
GBPAUD was higher on Tuesday despite the U.K. currency facing a multitude of risks. Traders are likely pricing in the good news for the Aussie after a recent rally and are now positioning for a potential Brexit trade deal. The Pound has managed to shake off yesterday’s drama, which saw […]
The gold price was higher by $13 (0.7%) on Monday as further virus fears compounded the long-awaited U.S. stimulus deal. The stimulus deal has weighed on the U.S. dollar but the greenback is seeing some strength from safe-haven demand over the rise of a new strain of virus in the U.K.
The EURGBP rate was 1.55% higher after further drama over the virus saw London and the rest of the U.K. move into strict lockdown. The situation worsened as European countries banned travel between Britain and a Brexit deal is still not agreed.
The Dax index is 0.34% higher on the day as stock indices see continued momentum. The German blue-chip index is trading at 13,712 with the February pre-virus highs at 13,800.
GBPAUD was pointing lower for a second day as the pair’s rally on hopes of a Brexit deal starts to fade once more. U.K. negotiators have criticized the EU for making unreasonable demands over fishing rights in British waters.