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GBP Keeps Drifting North on Brexit Optimism, Canada’s CPIs on Today’s Agenda


The pound was once again the main gainer among the G10 currencies, getting another boost by headlines suggesting that the differences between the EU and the UK have continued to narrow. The Kiwi was among the main losers despite New Zealand’s better-than-expected inflation data for Q3, while the Loonie was the second winner in line, with its traders awaiting Canada’s CPIs for September.

Pound and Risk Appetite Boosted by More Brexit Deal Hopes

The dollar traded higher against most of the other G10 currencies on Tuesday and during the Asian morning Wednesday. It gained the most against AUD, NZD and NOK, while it underperformed against the pound and slightly against CAD. The greenback was found virtually unchanged versus EUR and SEK.

The pound remained in the spotlight and was once again the main winner on the G10 dashboard. Optimism surrounding a Brexit deal continued to build up, with...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/gbp-keeps-drifting-north-on-brexit-optimism-canadas-cpis-on-todays-agenda-20101016
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