Forex Today; What You Need To Know For October 23, 2019

The Brexit drama continues stealing the headlines. The United Kingdoms Parliament voted in favor of Britain PM’s Johnson deal, however against the projected time frame to debate the bill. The Sterling fell as PM Johnson insisted on his stance of pull the United Kingdom out of the EU by October 31st.  A PM representative later said that Johnson’s next step would be having talks with EU leaders and asking them to not extend the date, though hinting he would be agreeable with a brief extension.

The EUR/USD combine fell for a second consecutive day, dragged lower by Brexit-related headlines. The absence of relevant information coming back from the US/ China talks left the combo range bound. Safe-haven assets appreciated before the end of the day, Wall Street closed in the red as mounting Brexit uncertainty triggered risk-off.

Crude oil costs edged higher, on reports that world organisation and its allies were considering whether or not to deepen fossil fuel production cuts at their next meeting in December because of worries regarding the dismal energy demand outlook in 2020.

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!