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21 Dec 2020

UK PM Johnson: Working to unblock trade as soon as possible

"We are working to unblock trade," British Prime Minister Boris Johnson told a press conference on Tuesday and added that they want to resolve that issue as soon as possible.

Additional takeaways

"We in the UK fully understand the anxieties of our friends about the new variant."

"Risks of transmission by a solitary driver in a cab are really very low."

"We hope to make progress as fast as we possibly can."

"People can continue to shop normally."

"We were prompt on acting against this new COVID variant."

"Over half a million people have had the COVID vaccine."

"This virus, alas, can move very swiftly from one nation to another."

Market reaction

The GBP/USD pair showed no immediate reaction to these remarks and was last seen losing 1.25% on a daily basis at 1.3352.

Dec 21, 2020

GBP/CAD trims losses and rebounds to the 1.7150 area

The GBP/CAD pair bottomed on Monday at 1.7046 and the rebounded rising to 1.7165. As of writing, it trades at 1.7135, almost 150 pips below Friday’s c

USD/JPY: Fed policy will be the most important factor in determining the outlook for the yen – CitiBank

While a more positive risk backdrop is likely to lessen demand for the Japanese yen as safe-havens, this is likely to lead to a less constructive outl