Trading Plan – Monday 19th October 2020: UK makes move on Brexit talks

Mark NugentDaily Alert, Oct 2020

Trading Plan – Monday 19th October 2020: UK makes move on Brexit talks

As we enter what could (and should) be the final two weeks of Brexit trade talks, the UK has offered to make amendments to the international law-breaking Internal Markets Bill. Talks resume today in London. I remain bullish on a trade deal and I think both the EUR and GBP (especially) will rise as a result.

In the US, House Speaker Pelosi says she is confident of a relief bill before the US election which is only two weeks away. On that risk event, we have the final Presidential debate on Wednesday night US time (early morning Thursday UK time).

Looking at the calendar we have inflation data from the UK, Canada and New Zealand and PMI reports from the US, France, Germany and the UK.

So, US elections, Covid, US relief package, US-China hostility, and Brexit talks, plus Tier I economic data. One or two things there to sway market sentiment.

As always, in the VIP Club member’s video I go through my trading themes for the week and how sentiment will, as always, play a critical role.

You can watch the video in the VIP Club members area HERE