GBP Is Falling; Brexit Vote Cancelled

The USD strengthened against the major currencies despite the weak economic stats and overall weakened expectations regarding the increase of the key interest rate. The USD index (#DX) closed in the green (+0.73%).

The pound is under pressure due to the ambiguousness regarding Brexit. Today the House of Commons should have had a vote regarding the Brexit agreement. However, Theresa May canceled the vote. The experts are thinking that the Prime Minister is afraid that the Parliament will decline her offer and hopes to convince them otherwise in the mean time.

The prices on oil are consolidating after a recent descent. The WTI futures are testing the 51 USD/barrel mark. At 23:30 (GMT+2) the API will publish a report regarding the reserves of the crude oil.

Market indicators

Yesterday the US stock market had a bullish mood: #SPY (+0,19%), #DIA (+0,16%), #QQQ (+1,05%).

The US Treasury bonds 10-year yield is 2,86-2,87%.

The News Feed for 11.12.2018:
  • - Labour Market reports (UK) – 11:30 (GMT+2:00);
  • - Economic Mood Index ZEW (GER) – 12:00 (GMT+2:00);
  • - Manufacturers' Price Index (US) – 15:30 (GMT+2:00).

by JustForex, 2018.12.11

We advise you to get acquainted with the daily forecasts for the major currency pairs.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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