The GBPUSD currency pair has literally skyrocketed as Germany’s Angela Merkel said that finding backstop solution ahead of the Brexit date of 31 October was still possible. That’s the first clear sign that EU politicians might be willing to cooperate with Boris Johnson after all and certainly a massive positive for oversold pound. The pair leaped from 1.2150 to 1.2260 in a matter of minutes – the highest level in August.
Indices rebound as oil slides to $102 📉 Low jobless claims reading supports US dollar
BoE keeps rates unchanged and issues a dovish statement, thereby weakening the GBP⬇️
🇬🇧 Will the pound recover after the BoE?
Economic calendar: Final Eurozone CPI data and U.S. jobless claims