MARKET DEVELOPMENT – Brexit Newest: GBP/USD Drops as Authorities Threatens Elections if Brexit is DelayedDailyFX 2019 FX Trading
MARKET DEVELOPMENT – Brexit Newest: GBP/USD Drops as Authorities Threatens Elections if Brexit is Delayed
DailyFX 2019 FX Trading Forecasts
Sterling fell to session lows after the federal government threatened to drag the invoice if MPs have been to vote down the programme movement tonight as this could result in fears that there’s not sufficient time to get Brexit accomplished by October 31st. Consequently, within the occasion that the federal government pulls the Withdrawal Settlement Invoice the federal government would reportedly look to push for a snap election earlier than Christmas, offering yet one more wave of political uncertainty.
Supply: Bloomberg
Canadian Dollar noticed a comparatively muted response to the Canadian election which noticed a minority authorities for the Liberal Social gathering and Prime Minister Trudeau (largely anticipated). That stated, with focus now shifting in the direction of Canadian information, the softer than anticipated retail gross sales figures noticed USD/CAD reclaim 1.31, eyes now firmly fastened on the Financial institution of Canada enterprise survey.
Supply: DailyFX, Refinitiv
Financial Calendar (22/10/19)
Supply: DailyFX,
WHAT’S DRIVING MARKETS TODAY
- “S&P 500, DAX, FTSE 100 Outlook: Key Levels to Watch” by Justin McQueen, Market Analyst
- “Canadian Dollar Price: USD/CAD Falls to Multi- Month Low Ahead of CAD Data” by Mahmoud Alkudsi, Market Analyst
- “US Dollar Charts – GBP/USD, USD/CAD, AUD/USD & More” by Justin…