The pound fell against the backdrop of the resumption of negotiations on Pcsite

The pound fell against its major counterparts during early European deals on Thursday, as investors focused on negotiations on Bracito, which will resume in Brussels later in the day in order to go to future trade deals.

Officials of the EU and the UK will hold the sixth round of talks on issues related to financial settlement, as well as the rights of citizens of the EU and the Irish border. Discussions on the transitional period and the scope of future trade relations are also formally included in the agenda.

EU leaders insist that the UK paid 60 billion euros out of the EU, before moving on to talk about future relationships.

Chief negotiator of the EU, Michel Barnier warned that at the first stage of the process you need to «make more progress».

European stocks fell amid uncertainty related to tax reform, States, and tension in the middle East.

The RICS survey showed that the balance of housing prices in the US fell in October, an increase of only 1.0 percent.

The projected growth was to be 4.0 percent. In September, the index increased by 6.0 percent.

The pound showed mixed trading in the Asian session. While the greenback rose against the U.S. dollar and the yen, it remained stable against the Swiss franc and the Euro.

The pound rose to the level of 1,3099 against the franc with high 1,3144, was at 3:15 am et. The pound is likely to find support around 1.28.

The pound fell to a 3-day low 1,3085 against the greenback and nearly 3-week low 148,45 against the yen, from early highs 1,3153 and 149,70 respectively. The continuation of the downward trend of the pound is likely to lead it to the support level around 1.29 against the greenback and against the yen to 147.00.

The pound fell to a 3-day low of 0.8870 against the Euro, after it has reached 0,8824 at 3:30 am et. Next support for the pound is observed in the region of 0.90.

Data Destatis showed that German exports in September fell less than expected, while imports unexpectedly fell in August.

In September exports decreased by 0.4 percent month-on-month, after rising 2 percent in August. It was assumed that the supply will fall by 1.3 percent.

At 8:15 am et ECB Executive Board member Yves Mersch will speak at the 1st annual forum «Banks and technology» in Vienna, Austria.

Half an hour later Vice-President of the ECB Vitor constancio will speak at the Rome conference on regulation.

On the new York session will be published price index for new housing in Canada for September, weekly applications for unemployment benefits in the U.S. for the week ending 4 November and wholesale inventories for September.

At 11:30 am et, the Swiss national Bank Chairman Thomas Jordan to give speech in Frankfurt.

(Visited 12 times, 1 visits today)
No tags for this post.