Budget Day & Brexit Deal ? GBP in focus – The EU and UK are aiming to finalize a divorce deal in the week of December 4, in the lead up to the next EU leaders’ summit, according to the FT. This tallies with recent reports that PM May is set to propose a GBP 40 bln final divorce settlement, double her previously tabled offer . Nevertheless, signs of a possible breakthrough have been taken as a positive in forex markets, with the pound lifting versus the dollar and euro today. Sterling remains some 15% down in trade-weighted terms from levels prevailing ahead of the vote to leave the EU in June last year.
Click here to access the HotForex Economic calendar.
Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! The next webinar will start in:
Senior Market Analyst
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.