Interest rates in focus and Brexit “No-Deal” likely [Video]
All GBP pairs opened last night with weekend gaps over optimism on Brexit talks which, however, are still looking like a no-deal between the United Kingdom and the European Union.
Keep an eye on the news as any negative responses from Brussels or London regarding Brexit may help to fill this gap.
This may also be affected by tomorrow’s UK Employment data, Thursday’s Interest Rate decision from London where we expect no change from the current 0.10%, and Friday’s Retail Sales figures.
Interest Rate decisions are abundant this week with the US Federal Reserve Wednesday, the Swiss National Bank Thursday, and the Bank of Japan Friday.
Don’t forget to pay attention to the news conferences that follow each announcement as we almost always see currency volatility.
Speaking of gaps, the US Indices opened this morning with a boost from Stimulus talks which seem to have come to a positive 2-part conclusion between Congress and the US Treasury.
The VIX spiked this morning which investors might see as a good short opportunity as we head into the holiday season.
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