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GBP/USD Outlook: Sterling Soars on Brexit Deal Chatter


GBP/USD Outlook: Sterling Soars on Brexit Deal Chatter - Now What?
2020-12-23 21:25:00
Rich Dvorak,
Analyst
GBP/USD PRICE OUTLOOK: POUND-DOLLAR SPIKING HIGHER ON NEWS OF BREXIT DEAL BREAKTHROUGH
GBP/USD price action is up over 300-pips from recent lows thanks to Brexit developments
Pound Sterling jumping in response to news that a Brexit trade deal has finally been reached
UK Prime Minister Boris Johnson muscles agreement with EU after capitulating on fisheries
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Hints of a Brexit deal emerging earlier on Wednesday have garnered more traction with several sources echoing UK-EU negotiators have reached a trade agreement. The corresponding unwind of no-deal Brexit speculation has fueled a bid beneath the Pound Sterling and propelled spot GBP/USD price action higher by more than 130-pips on the session and up over 300-pips from its week-to-date swing low. ....

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USD Price Outlook: US Dollar Rebound Attempt in Focus


USD Price Outlook: US Dollar Rebound Attempt in Focus
2020-12-22 23:00:00
Rich Dvorak,
Analyst
US DOLLAR OUTLOOK: USD PRICE ACTION PERKING UP AS MARKET SENTIMENT SOFTENS
The DXY Index could attempt to extend its rebound if market sentiment stays downtrodden
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US Dollar bulls made an effort to steer USD price action back higher on Tuesday. This rebound attempt gained more traction than the previous session, which saw the US Dollar flop intraday as stimulus deal optimism fueled bears. The broad-based DXY Index is pacing a gain of 0.66% on the day and looks set to close above its 8-day simple moving average. ....

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Why the UK's post-Brexit plans are a threat to data protection


With the UK and the European Union reaching the last stages of their annual negotiation pantomime and talk shifting with comforting predictability to an imminent Brexit agreement, the recent noise around no deal has obscured discussion of the UK’s future place in the world.
Behind the headlines, however, the government’s plans are taking shape. The priority isn’t cars, or even – astonishingly – fish, but data. The consequences for the standards of privacy and protection we have become accustomed to, and increasingly expect, are huge; those for the long-term shape of the UK economy perhaps larger still.
Strikingly, Britain’s National Data Strategy, published in December, seeks to “maintain the high watermark of data use set during the pandemic”, which means “positioning the UK as a global champion of data use, and encouraging the international flow of information across borders”. The UK’s first post-Brexit trade deals are organised around thi ....

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