EU Shares Rebound, Brexit Woes Hit the Pound

Vaccine Headlines Lift Sentiment, GBP Falls on Fresh Brexit Tensions

The US dollar traded higher against all but one of the other G10 currencies on Monday and during the Asian morning Tuesday. It gained the most versus GBP, SEK, CHF, and NOK in that order, while it gained the least versus CAD and AUD. The greenback was found virtually unchanged against JPY.

FTSE 100 — Technical Outlook

After finding support near the 5766 hurdle last week, the FTSE 100 index rebounded and continues to show willingness of moving further north. From the short-term perspective, the price may rise a bit more, but overall, let’s not forget that the index is still running below a short-term tentative downside resistance line drawn from the high of August 12 th, which might halt the acceleration.

GBP/USD — Technical Outlook

Last week, GBP/USD ended up breaking its medium-term tentative upside support line drawn from the low of July 20 th. The pair continues to drift south, while trading below a short-term tentative downside resistance line taken from the high of September 1 st. If that downside line remains intact, we will stay bearish with the near-term outlook.



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