FX MARKET REPORT 08.10.2020

FX MARKET REPORT 08.10.2020

FX MARKET REPORT 08.10.2020

Daily Commentary
Daily Commentary
FX MARKET REPORT 08.10.2020
/
FX MARKET REPORT 08.10.2020

GBP/USD keeps previous day’s recovery moves from 1.2844. Pubs and restaurants in Northern England go off from next Monday with UK’s 14,162 new daily cases of COVID-19. EU keeps hardstand on fisheries, Tories threaten to leave talks on October 15. BOE’s Bailey will speak in an online panel discussion at the Single Resolution Board’s annual conference. Cable’s prospect remains mixed and is now forecasted to trade between 1.2750 and 1.3000 in the short-term. The Dollar Index was down 0.1% at 93.562, while USD/JPY was largely flat at 105.97. EUR/USD climbed 0.2% to 1.1778. Rabobank, forecasts the EUR/USD pair trading at 1.17 next month as the US dollar is to see a short-covering of its positions amid volatility due to US Elections.

GBP/USD keeps previous day’s recovery moves from 1.2844. Pubs and restaurants in Northern England go off from next Monday with UK’s 14,162 new daily cases of COVID-19. EU keeps hardstand on fisheries, Tories threaten to leave talks on October 15. BOE’s Bailey will speak in an online panel discussion at the Single Resolution Board’s annual…

Leave a Reply

Your email address will not be published. Required fields are marked *