Forex Today: Fresh Brexit hope lifts GBP/USD, mixed opinions about the US-Sino deal, Fed-speak eyed

Here is what you need to know on Tuesday, October 15:

• Brexit: The Telegraph reports that a deal is taking shape and a mood of “cautious optimism” among negotiators.” The news keeps the pound bid. On the other hand, the EU is skeptical about the chances of reaching a deal by Thursday’s EU Summit.  An emergency summit toward the end of the month is also on the cards. UK Prime Minister Boris Johnson has reiterated that the UK will leave on October 31, which is only 16 days away.  
• The UK jobs report is expected to show a minor deceleration in wage growth today (preview)  Bank of England Governor Mark Carney will testify before the Financial Stability Committee and no market-moving headlines are expected.  
• US-Sino trade talks: US Treasury Secretary Steven Mnuchin said that more meetings are scheduled at the deputy level and high-level meetings may be scheduled as well, to proceed in writing Phase One agreement. The media in China has refrained from labeling the handshake accord as a deal. Chinese inflation data has shown increases in consumer prices but falls in producer prices.
• President Donald Trump has said that he will slap sanctions on Turkey following its incursion into Northern Syria. The measures, including tariffs on steel and restrictions on Turkish officials, leave Congress wanting more. USD/TRY remains below 6.  
• The Reserve Bank of Australia’s meeting minutes have shown that the bank is open to cutting interest rates once again, but AUD/USD remained in a range.
• The German ZEW Economic Sentiment and several Fed officials are scheduled to speak today, adding to volatility as American and Canadian traders return from their holidays.
• Cryptocurrencies are marginally off the highs.