GBP/USD and FTSE 100 at Mercy of Brexit Headlines

GBP value, FTSE 100, Brexit information and evaluation:

• GBP/USD continues to hover across the 1.32 degree however merchants should be cautious of volatility as headlines – optimistic or adverse – emerge from the talks this week between the EU and the UK on their post-Brexit commerce relationship.
• The FTSE 100 may be buffeted by Brexit headlines however, as one of many greatest losers from the coronavirus pandemic, it may additionally one of many greatest gainers from vaccine optimism.

GBP/USD to be whipsawed by Brexit headlines

Headlines from the talks between the EU and the UK on their post-Brexit relationship, which proceed this week, will doubtless be the principal driver of GBP/USD and EUR/GBP short-term, with volatility doubtless as optimistic information boosts the Pound and adverse information weakens it.

For now, GBP/USD is comparatively steady across the 1.32 degree however a dip to help round 1.31 from the lows reached late Thursday / early Friday could be no shock, and nor would an advance to final Wednesday’s excessive simply above 1.33.

GBP/USD Value Chart, One-Hour Timeframe (November 9-17, 2020)

Supply: IG (You possibly can click on on it for a bigger picture)

Really useful by Martin Essex, MSTA

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FTSE 100 to achieve from coronavirus vaccine optimism

The FTSE 100 index of the foremost London-listed shares can be doubtless to reply to the headlines that emerge from the commerce talks however the greater image right here is the hope {that a} coronavirus vaccine will carry a couple of restoration from the financial hunch attributable to the pandemic.

The FTSE 100 has been one of many hardest hit of the foremost inventory market indexes as a result of so lots of its parts are “worth” shares, comparable to journey corporations and banks, which have been battered down by the influence of the virus. Now, a rotation into worth shares from “momentum” shares like Netflix and Amazon which have benefited from the pandemic means the index has scope to get well strongly.

FTSE 100 Value Chart, One-Hour Timeframe (November 9-17, 2020)

Supply: IG (You possibly can click on on it for a bigger picture)

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— Written by Martin Essex, Analyst

Be at liberty to contact me on Twitter @MartinSEssex