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Page 9 - கிஂக்டம் ப்ரைம் அமைச்சர் ஜான்சன் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

What s the Chance of New Years Week FX Breakout?

December 28, 2020 Daily FX Market Roundup 12.27.19 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management We’ve finally made it to the last week of 2020. A coronavirus vaccine is the process of being rolled out, a Brexit agreement is in place and President Trump finally signed the stimulus bill into law. With a few days left until the end of the year, there’s a lot to be optimistic about. Stocks extended their gains and currencies should have done the same but the rally was limited to euro, Swiss Franc and the Canadian dollar. Other currencies like sterling declined and while this move may seem counterintuitive after years of waiting for an agreement, investors have Brexit exhaustion.

Brexit Deal Announcement Today: Pound-Euro Rate Jumps To 1 11, Sterling-Dollar Rate To 1 357

Huge relief for Pound Sterling as UK reaches EU trade deal, Pound to Euro exchange rate tests key 1.1110 area, longer-term UK reservations continue The UK and EU have agreed a trade deal with the final details currently being ironed out. UK Prime Minister Johnson is now due to hold a press conference this morning, although further slippage is a risk. The Pound to US Dollar exchange rate has strengthened to highs above 1.3550 and close to 31-month highs posted last week. The Pound to Euro exchange rate has strengthened to 1.1120 and attempting to sustain a move above the crucial 1.1110 level. Trading desks are winding down for the Christmas holiday and a much more considered reaction will not be seen until early 2021.

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