The GBPUSD sunk to a decade low of 1.1958 today in the morning and although the pound has managed to recover some of the losses traders remain anxious ahead of the busy evening. The UK parliament returns to work today and it will try to force the prime minister to seek brexit extension unless the deal is found. If the vote takes place today it is expected around 9-10pm BST (10-11pm CEST). If lawmakers are successful PM Johnson is believed to seek general elections but he needs 2/3 majority in the parliament to support such motion. Investors are likely to react in allergic way to elections as such scenario would increase a risk of no-deal Brexit.
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