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Market Mood GBPUSD 14.10.20

Market Mood GBPUSD 14.10.20

Market Mood GBPUSD 14.10.20

in Daily Forecasts

Listen to the latest market mood for the GBPUSD pair.

Weak GBP, Strong USD

EU leaders are poised today to say that no breakthrough has been found in Brexit talks and are poised to vow to step up preparations for a no-deal Brexit according to a draft document. This announcement comes ahead of UK’s PM Johnson’s call with European Commission president von der Leyen and the council President Michel Barnier.

With the USD showing some strength as the trade on a Biden, victory takes a breather expect GBPUSD sellers at market.

Trade Risks: The main risk to this trade is optimistic news headlines on a Brexit deal breakthrough.


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Risk Warnings

Cookies Policy

Disclaimer: Any opinions made may be personal to the author and may not reflect the opinions of HYCM. All expressions of opinion are subject to change without notice. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of HYCM, a third party or otherwise. Past performance is not an indication of possible future performance. Without the approval of HYCM, reproduction or redistribution of this information isn’t permitted.

Legal Information: HYCM is the trading name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Limited and Henyep Capital Markets (DIFC) Limited for which the Henyep Capital Markets group is holding company and its assets are a controlling equity interest in them.

* Cryptocurrencies are not available for trading under HYCM (Europe) Limited and Henyep Capital Markets (UK) Limited (retail clients only).

*Any opinions made in this material are personal to the author and do not reflect the opinions of HYCM. This material is considered a marketing communication and should not be construed as containing investment advice or an investment recommendation, or an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. HYCM does not take into account your personal investment objectives or financial situation. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or other information supplied by an employee of HYCM, a third party or otherwise.

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