FX MARKET REPORT 26.10.2020

FX MARKET REPORT 26.10.2020

FX MARKET REPORT 26.10.2020

Daily Commentary
FX MARKET REPORT 26.10.2020
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FX MARKET REPORT 26.10.2020

GBP/USD pressured towards 1.3000 amid Brexit and virus woes. Dual Brexit and US fiscal stimulus talks continued to dominate cable’s trading, resulting in choppy trading, an eventual breakout to the upside, and a retreat afterward. US politics are set to take over in the pre-elections week, while UK coronavirus cases and lockdowns will probably become more prominent. The EUR/USD pair finishes the week with gains around 1.1830, at the upper end of its latest range but still unable to define a trend.  Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 92.972, after dropping almost 1% last week. USD/JPY was up 0.2% at 104.88.

GBP/USD pressured towards 1.3000 amid Brexit and virus woes. Dual Brexit and US fiscal stimulus talks continued to dominate cable’s trading, resulting in choppy trading, an eventual breakout to the upside, and a retreat afterward. US politics are set to take over in the pre-elections week, while UK coronavirus cases and lockdowns will probably become…

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