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7 Sep 2020

EU’s Barnier: Still worried about negotiations, which are difficult

European Union (EU) Chief Brexit Negotiator Michel Barnier expressed his concerns over the Brexit negotiations, especially in light of the recent bold measures announced by the UK.

Key quotes

Still "worried" about negotiations, which are "difficult”.

The UK wants 'the best of both worlds'.

GBP/USD attacks 1.3200

The selling pressure around the pound remains unabated amid escalating EU-UK tensions over the post-transition Brexit deal. GBP/USD is down 0.58%, looking to break below the 1.3200 level.

EU Diplomat: UK reported plan to override parts deal to be a desperate, ultimately self-defeating strategy
UK’s Eustice: There may be some legal ambiguities that need to be tidied up

Sep 7, 2020

GBP/USD: Politics on both sides of the Atlantic to weigh on the pound

The fallout from the Fed's dovishness pushed cable to new highs before falling back down. US politics are set to enter higher gear after the long week

USD/CAD: BoC in focus as markets digest the jobs data

USD/CAD gave up its gains made last week, capped at 1.3160, ending Friday at 1.3059 having travelled from a low of 1.2993 at the start of the month. T