Investors Are Concerned over Probable Brexit Without a Deal

The US dollar did not change against a basket of major currencies during yesterday's trading. Investors are waiting for additional information regarding trade relations between the US and China. Trading activity was also reduced in connection with the celebration of Labor Day in the United States and Canada. The US dollar index (#DX) has kept current levels (+0.00%). Today we expect the publication of important economic data from the UK and the USA.

The British pound has updated local lows due to growing investors' concern that the UK will exit the EU without a deal. A group of British officials proposed on Monday to move Brexit from October 31, 2019, to January 21, 2020. However, British Prime Minister, Boris Johnson, is categorically against the postponement of the country's exit from the bloc. The official is also considering the possibility of holding an early general election if parliamentarians who disagree with him can pass a bill that blocks the country's exit from the EU without a deal.

Today, the Reserve Bank of Australia made a decision on the interest rate during the Asian trading session. The indicator remained unchanged at 1.00%. Also, a report on retail sales was published, which fell by 0.1% in July, which turned out to be worse than forecasts, according to which the indicator was supposed to grow by 0.2%.

The "black gold" prices went down. Currently, the WTI crude oil futures are testing the $54.45 per barrel mark.

Market indicators

Yesterday, the US stock market was closed due to the holiday.

The yield on 10-year US government bonds fell again. At the moment, the indicator is at the level of 1.47-1.48%.

The news feed on 2019.09.03:

- The construction PMI in the UK at 11:30 (GMT+3:00);
- The ISM manufacturing PMI in the US at 17:00 (GMT+3:00).

by JustForex, 2019.09.03

We advise you to get acquainted with the daily forecasts for the major currency pairs.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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