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British Pound Under Pressure

2020-10-23 15:01    FBS

British Pound Under Pressure Archives 1

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British Pound Under Pressure Archives 4

Ichimoku Kinko Hyo

GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.

British Pound Under Pressure Archives 5

Fibonacci Levels

XAU/USD: Gold moves below 38.2% retracement level. It seems that gold bulls still struggle to move higher.

British Pound Under Pressure Archives 6

EU Market View

Global stocks barely budged on Friday as investors tightened positions with less than two weeks to go before the U.S. presidential election and awaited a breakthrough in stimulus talks in Washington.

Looking ahead, highlights from macroeconomic calendar include UK Retail Sales, Eurozone, UK, and US PMIs (Flash), CBR Rate Decision; S&P reviewing Greece, UK and Italy.  The final Presidential Debate prompted little market action, but was overall structured, civilized and touched upon policy.

EU Key Point

  • China's FX regulator said the CNY is more stable than expected and has maintained relatively high flexibility
  • US President Trump said a COVID-19 vaccine is ready and will be announced in the coming weeks, but it is not a guarantee
  • France's Le Maire: Q4 will show negative figure for French economy

                                                                                                       

GBP

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