The GBP/USD was 0.4% lower than USD to 1.1912 when the UK Parliament declined the Brexit plea. Despite the slump, strategists assured investors a no-deal Brexit is still avoidable.
UK PM Boris Johnson met with MPs last week in another attempt to secure Britain’s withdrawal from the EU. Unfortunately for Johnson, the majority of the British Parliament stood their ground for a delay.
The EUR/USD pair slipped 0.1% to 1.1160.
Meanwhile, the USD/CNY pair lost 0.2% to 7.0768. Predictions expect both currencies to avalanche if the trade war stretches further next year.
Even with China’s promise to buy more American agricultural products, China took its time to buy more Brazilian soybeans. China’s gross domestic product grew 6% in the third quarter, its slowest rate in 30 years.
The USD/BRL kept flat at 4.1119, but recent events signal a tilt towards Brazil’s benefit. Three US soybean exporters claimed China hadn’t purchased any of their products since last week’s talk.
US Dollar Index Futures inched up 0.1% to 97.062.
The UK Currency is shifting because of the Brexit withdrawal’s unpredictability. Strategists claim that last weekend’s emergency meeting left a “greater overhang of uncertainty than hoped.”
UK PM Boris Johnson met with MPs last week in another attempt to secure Britain’s withdrawal from the EU. Unfortunately for Johnson, the majority of the British Parliament stood their ground for a delay.
The EUR/USD pair slipped 0.1% to 1.1160.
Meanwhile, the USD/CNY pair lost 0.2% to 7.0768. Predictions expect both currencies to avalanche if the trade war stretches further next year.
Even with China’s promise to buy more American agricultural products, China took its time to buy more Brazilian soybeans. China’s gross domestic product grew 6% in the third quarter, its slowest rate in 30 years.
The USD/BRL kept flat at 4.1119, but recent events signal a tilt towards Brazil’s benefit. Three US soybean exporters claimed China hadn’t purchased any of their products since last week’s talk.
US Dollar Index Futures inched up 0.1% to 97.062.
The UK Currency is shifting because of the Brexit withdrawal’s unpredictability. Strategists claim that last weekend’s emergency meeting left a “greater overhang of uncertainty than hoped.”
