Events in the UK Are in the Focus of Attention

October 21, 2019

by JustForex

On Friday, the US dollar weakened against a basket of currency majors. The dollar index (#DX) closed the trading session in the red zone (-0.34%). Currently, the US currency is consolidating. Investors are focused on the news concerning Brexit.

Last weekend, British parliament officials were supposed to vote on the Brexit deal, but MPs refused to vote on it and obligated British Prime Minister Boris Johnson to ask the European Union to postpone the country’s exit from the bloc. Boris Johnson was totally against the delay, but the deputies voted and demanded him to appeal to the EU. Johnson’s letter to the President of the European Council, Donald Tusk, states that the Prime Minister is asking for a Brexit delay until January 31, 2020.

Meanwhile, on the weekend, the British took to the streets for a manifesto asking for a second Brexit referendum. The mayor of London, Sadiq Khan, also took part in the march. We recommend following current information on Brexit.

The “black gold” prices are declining. At the moment, futures for the WTI crude oil are testing the $53.45 mark per barrel.


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Market Indicators

On Friday, there was the bearish sentiment in the US stock markets: #SPY (-0.44%), #DIA (-1.01%), #QQQ (-0.96%).

The 10-year US government bonds yield has risen again. Currently, the indicator is at the level of 1.77-1.78%.

The Economic News Feed for 21.10.2019:
  • Today, the publication of important economic releases is not expected.

by JustForex