Futures GBP News 

Gold hovers as traders watch Brexit, U.S.-China trade talks

“Gold futures struggled for direction Tuesday as investors kept an eye on developments surrounding Brexit and U.S.-China trade talks” writes Deputy Markets Editor for marketwatch.com. A firmer tone for U.S. equities helped rob gold of its haven appeal on Monday, noted Carsten Fritsch, analyst at Commerzbank, in a note.Gold for December delivery GCZ19, +0.14% on Comex were up $1.10, or 0.1%, at $1,489.20 an ounce, while December silver SIZ19, -0.24%  was off 3.7 cents, or 0.2%, at $17.565 an ounce. Source: marketwatch.com

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GBP News 

What happens next if Boris Johnson’s Brexit deal passes through the necessary legislative hurdles?

“A Brexit deal is great, but it means nothing without establishing a future trade relationship down the road” reports forexlive.com. That means another full year of uncertainty, unless the UK can agree on a future trade relationship with the EU .The terms of the agreement sets out that the transition period for Brexit will run all the way until the end of 2020.And if by the end of the transition period, there is no trade relationship negotiated or agreed upon, we essentially just get a no-deal Brexit – just fourteen…

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GBP News 

UK industry outlook weakest since 2009 on Brexit and world slowdown

“LONDON (Reuters) – British manufacturers expect their orders to fall at the fastest rate in a decade over the next three months due to the slowing global economy and Brexit uncertainty, a quarterly survey by the Confederation of British Industry showed on Tuesday” writes Midwest Communications Inc for 95kqds.com. The CBI said its manufacturing orders balance sank to -19 in October from +10 in July, the lowest since April 2009.The CBI’s monthly orders balance for October sank to -37 from -28 in September, below all forecasts in a Reuters poll…

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GBP News 

Lawmakers to challenge Johnson push to heave Brexit bill over line

“Opposition lawmakers plan to seek amendments that could substantially alter the bill, for example by adding a requirement that the Brexit deal be put to voters in a new referendum” writes Associated Press for marketwatch.com. LONDON (AP) — British lawmakers from across the political spectrum are expected to challenge Prime Minister Boris Johnson’s drive to push his European Union divorce bill through the House of Commons in three days, potentially scuttling plans to deliver Brexit by Oct. 31.The bill faces two votes Tuesday, with lawmakers first being asked to approve…

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GBP News 

UK’s Johnson prepares push to heave Brexit bill over line

“Opposition lawmakers plan to seek amendments that could substantially alter the bill, for example by adding a requirement that the Brexit deal be put to voters in a new referendum” writes The Associated Press for seattletimes.com. The bill faces two votes Tuesday, with lawmakers first being asked to approve it in principle, followed by a vote on the government’s schedule for debate and possible amendments. Source: seattletimes.com

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GBP News 

Pound holds calm as Johnson looks to put his Brexit deal to a vote later today

“For pound traders, it’s all about the anticipation and the wait ahead of the vote on the second reading of Boris Johnson’s withdrawal agreement bill today” reports forexlive.com. If the vote passes, that is another hurdle cleared for pound buyers and I reckon we’ll see a jump above 1.3000 targeting levels around 1.3100 to 1.3200 potentially.The vote takes place at around 1800 GMT and the pound is holding more calm as cable sits within a 30 pips range in trading so far. Source: forexlive.com

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GBP News Reviews 

GBP Daily Review October 22, 2019

GBP Daily Review for October 22, 2019 EUR/GBP is flirting with 0.8600, near 5-month lows The continuation of the bid note around the quid is keeping EUR/GBP well under pressure in the area of (just above) 5-month lows on Monday. EUR/GBP fo   CFTC Positioning Report: GBP net shorts retreated to 3-month lows These are the main highlights of the latest CFTC Positioning Report for the week ended on October 15th: Both gross longs and shorts in GBP went down d   GBP/USD hits fresh multi-month tops, looks to extend…

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GBP Markets News 

Euro zone bond yields climb on hopes for Brexit deal

“The Brexit optimism and hopes that a downturn in the euro zone economy is bottoming out has also lifted inflation expectations” writes Midwest Communications Inc for 95kqds.com. Analysts said Brexit would remain the dominant driver for euro zone bond markets until economic data released later in the week, including flash purchasing managers’ index surveys.Optimism over Brexit negotiations after the EU and Britain agreed a new deal last week has fueled a selloff across euro zone bond markets, as some sort of resolution to Brexit would help tame a key uncertainty…

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