Markets Rebound Higher on Post-Brexit Trade Deal

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Fresh positive news – support for British Prime Minister Boris Johnson from the Conservative Party. On Tuesday, party officials said the deal “upholds UK sovereignty” and asked the House of Commons to vote in favor of it.

The year is not ending as badly as it could. The global stock index MSCI AC World showed an increase of 14% over the last month, and the overall growth after falling in March was almost 68%. Markets are now focused on the economic recovery and soft monetary policy is supporting the bulls.

Things can be tricky in the foreign exchange market. The euro continues to fluctuate around annual highs. Sterling is in no rush to renew its highs for the month following the EU-UK deal. The euro is also bouncing off its records. Traders continue to assess the consequences of the withdrawal, and not everything is cloudless here. European logistics companies are canceling contracts for the transport of goods, fearing the return of empty ones after January 1.

Stock markets continue to rally amid approval of the Covid-19 vaccine developed by AstraZeneca and the University of Oxford. The move will help the UK increase vaccinations from Monday next week.
Dollar Sellers Return to the Market
The dollar remained under selling pressure. The Aussie, euro, and loonie all hit new yearly highs versus the battered dollar, although the general currency retreated ahead of the close. Commodity-pegged currencies are the strongest, helped by the positive Wall Street results as US indices flirted with record highs.

As the end of the year approached, the dollar sell-off accelerated again. While US stocks sighed overnight, Asian markets, except Japan, are still buying solidly. While the euro is strong against the dollar, it is mixed against other major European currencies. Meanwhile, the loonie is lagging behind the Aussie and the kiwi in current risky buying. Gold and oil also remain in a limited range.

EU-China investment deal reportedly ongoing; potentially the agreement could be announced later. We remind you that the deadline for the current round of negotiations is not far off.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *