The dollar traded marginally higher versus majors yesterday as FX investors eye the UK Parliament Brexit vote and the test facing UK Prime Minister Johnson following his re-election. The Sterling weakness is attributed to the unclear manner of the Brexit and the upcoming vote may clear things up for Sterling traders. Strong US data lifted the dollar yesterday ahead of the GDP number today in the afternoon. Global equity markets continued to move higher, US markets traded to another all-time highs, while EU markets closed near the flat line. Gold and Silver closed marginally higher on the day, Gold closed at $1,483 per ounce, Silver closed at $17.12 per ounce. Oil traded higher for the 8-day in a row, closing at $61.3 per barrel, as investors stay bullish into year end expecting a demand pickup following the US China trade agreement and OPEC+ holding on to the proposed production cuts for 2020.
UK Current Account at 9:30 am, CAD Retail Sales and US Final GDP at 1:30 pm and UK Parliament Brexit vote at 2:30 pm are the important news on the agenda Friday. (all times GMT).
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FX markets and Sterling traders await the most important UK Brexit Parliament vote today in the afternoon.
Nasdaq investors enjoy another record high as US markets show strength into year end.
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