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Market optimism for a Brexit deal in its last month of negotiations has helped to push the GBP/USD across the $1.34 level for the first time this quarter.
British Minister of the Cabinet Office Michael Gove announced that Brexit trade talks are currently stuck because the European Union is asking for too much.
Forex Today: Bitcoin Makes Record High Below $20k
Bitcoin, Nikkei 225 Index Hit All-Time Highs; U.S. Dollar Weakens Again; EUR/USD Rejects 1.2000.
FX traders still have high hopes that a Brexit deal can be reached in the very near term.
China's Federation of Logistics and Purchasing recently reported that the official non-manufacturing PMI for November stood at 56.4, signaling an expansion of the non-manufacturing sector.
Gold Hits 4-Month Low; U.S. Dollar Weaker Across the Board; Stocks Dip During Asian Session.
A joint venture between Delta Air Lines and Alitalia will soon see the operation for flights between the United States and Italy that won't require travelers to quarantine upon arrival at their destination.
British Chancellor of the Exchequer Rishi Sunak said that the United Kingdom will not join a post-Brexit trade deal at any cost.
Stocks Higher During Asian Session; Nikkei 225 Up to New All-Time High; WTI Crude Oil Above $45; Dull FOMC.
The Dow Jones Industrial Average (INDEXDJX: .DJI), a major U.S. equity index representing thirty of the largest U.S. companies, closed yesterday at 30,046.24 – an all-time record high closing price and the first ever close above the psychologically important 30,000 level.
Sterling moved lower against the euro as Forex traders hold their collective breath for clarity on this week's Brexit negotiations.
The US stock markets hit historical highs yesterday after President-elect Joe Biden began choosing the members of his future cabinet and after President Donald Trump's decision to initiate the transition process.
Dow Jones Index Closes Above 30,000; S&P 500, Nikkei 225 Close at All-Time Highs.
An improvement in risk sentiment helped push the pound sterling toward the 2-month peak it had struck on Monday.
The General Services Administration informed President-elect Joe Biden that he can begin the formal transition process.