GBP/USD Dips on Brexit Woes as USD/JPY Falls on Commerce Warfare Fears

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GBP/USD Dips on Brexit Woes as USD/JPY Falls on Commerce Warfare Fears

Asia Pacific Market Open Speaking FactorsBritish Pound slumped as “no-deal” Brexit fears simmeredS&P 500 dipped on US-China t


Asia Pacific Market Open Speaking Factors

  • British Pound slumped as “no-deal” Brexit fears simmered
  • S&P 500 dipped on US-China tensions forward of commerce talks
  • GBP/USD might prolong declines on bearish contrarian bias

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British Pound Dips as No-Deal Brexit Bets Rise

The British Pound slumped as the newest Brexit information underpinned issues a couple of “no-deal” withdrawal from the EU on the finish of this month. Earlier within the session, talks between UK Prime Minister Boris Johnson and German Chancellor Angela Merkel had been tense over disagreement about whether or not Northern Ireland should be kept in a customs union after Brexit. Mr Johnson mentioned a deal is “basically unattainable”.

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In the meantime, shares fell as tensions between the US and China heated up forward of important commerce talks on the finish of this week. After the previous threatened to blacklist companies from the latter over human rights violations, Chinese language officers mentioned to “keep tuned” for retaliation. Beijing urged Washington D.C. to withdraw its resolution. White Home Commerce Adviser Peter Navarro mentioned these actions had been unrelated to commerce talks.

The anti-risk Japanese Yen and haven-linked US Dollar cautiously rose because the S&P 500 slumped…



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