Fears of a no-deal Brexit and coronavirus concerns kept a lid on strong follow-through, Haresh Menghani from FXStreet briefs. The cable is stable as Brexit related headlines can produce some trading opportunities in the day ahead. Key quotes “The pair remained capped below the key 1.30 psychological mark amid persistent fears that Britain might crash out of the European Union at the end of the transition period later this year. This coupled with growing concerns about the economic impact of the coronavirus outbreak continued lending some support to the greenback’s perceived safe-haven status against its British counterpart and held investors from placing any aggressive bullish bets.” “The cable now seems to have stabilized and was seen oscillating in a narrow trading band below mid-1.2900s through the Asian session on Monday.” “In absence of any major market-moving economic releases, either from the UK or the US, the incoming Brexit-related headlines will play a key role in influencing the broader market sentiment surrounding the sterling and produce some short-term trading opportunities on the first day of a new week.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Slight rebound at key support – Commerzbank FX Street 2 years Fears of a no-deal Brexit and coronavirus concerns kept a lid on strong follow-through, Haresh Menghani from FXStreet briefs. The cable is stable as Brexit related headlines can produce some trading opportunities in the day ahead. Key quotes “The pair remained capped below the key 1.30 psychological mark amid persistent fears that Britain might crash out of the European Union at the end of the transition period later this year. This coupled with growing concerns about the economic impact of the coronavirus outbreak continued lending some support to the greenback's perceived safe-haven status against its British counterpart and held investors… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
