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21 Dec 2020

UK PM Johnson: WTO terms would be more than satisfactory for UK

British Prime Minister Boris Johnson said on Monday that the UK's position with regards to the EU-UK trade negotiations hasn't changed.

Additional takeaways

"There are problems."

"We must be able to control our laws and fisheries."

"WTO terms would be more than satisfactory for the UK."

"We can cope with no-deal, not that we don't want a deal."

Market reaction

These comments were largely ignored by the market participants and the British pound continues to consolidate the losses it suffered against its rivals. As of writing, the GBP/USD pair was down 1.3% on a daily basis at 1.3345.

 

Dec 21, 2020

GBP/USD continues to pare losses, but sterling still sat at bottom of G10

GBP/USD has continued to crawl higher in recent trade and has now managed to recover back to 1.3350, a decent more than 150 pip turnaround from earlie
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Dec 21, 2020

USD/CAD stablising following a round trip in the safe-haven flows

At the time of writing, USD/CAD is trading at 1.2834 and is higher by some 0.4%. The pair travelled from a low of 1.2784 to a high of 1.2957 at the st
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