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US-China Talks Progress “Very Good”, GBP Rallies on Brexit Deal Hopes


Equities continued to rise, while safe havens stayed under pressure yesterday, following remarks suggesting that the first day of the US-China trade talks went very well. The main gainer among the G10 currencies was the British pound, skyrocketing after Irish PM Varadkar said that a Brexit deal could be reached by the end of October, citing a positive meeting with UK PM Boris Johnson. As for today, investors may also pay some attention to Canada’s employment data for September.

Risk Appetite Remains Supported on US-China Upbeat Tone

The dollar traded lower against most of the other G10 currencies on Thursday and during the Asian morning Friday. It gained only against JPY and CHF, while it underperformed the most against GBP and SEK.

Risk appetite was fueled even further yesterday, as the first day of the US-China high-level negotiations in Washington went very well. A White House official said that...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/us-china-talks-progress-very-good-gbp-rallies-on-brexit-deal-hopes-20191011
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