◆ Gold has fallen in pounds, euros and dollars after breaking news suggesting a Brexit deal has been reached
◆ The pound and the euro rose with the pound gaining 0.52% against the dollar
◆ The Australian and New Zealand dollar saw larger gains of 1% and 0.7% respectively which suggests foreign exchange markets remain skeptical of the deal
◆ Relief and hope of an actual deal saw the pound rise to stand above $1.29 for the first time since May on the reports
◆ European and UK stocks have seen a slight bounce in a relief rally, the FTSE gained 0.65%, the EuroStoxx 50 was up 0.6% and the DAX rose 0.7%
◆ The UK and EU negotiators have been working on the legal text of a deal and appear to have reached agreement, but it will still need the approval of both the UK and European parliaments and the DUP are saying they will not support it
NEWS and COMMENTARY
New Brexit deal agreed, says Boris Johnson
Gold steady ahead of Brexit talks; weak U.S. data lends support
IMF fears the world’s financial system is even more destructive than in 2008
Turkish president Erdogan ‘threw Trump’s Syria letter in bin’
‘Addiction’ to cheap money will do ‘tremendous damage’ to the global economy
Dollar pinned near one-month lows on weak data; pound volatile
Germany will make ties with China a priority during EU presidency: Merkel
Sterling sees wild swings as Brexit talks enter final hours
Fed’s Evans says may struggle with reserves “longer than we would like”
Yes, Fed is doing QE again, only bigger – Cashin
Gold Prices (LBMA – USD, GBP & EUR – AM/ PM Fix)
16-Oct-19 1482.55 1485.10, 1166.32 1155.85 & 1344.52 1343.27
15-Oct-19 1494.75 1487.80, 1183.69 1178.34 & 1357.08 1353.30
14-Oct-19 1494.20 1490.60, 1188.79 1182.94 & 1354.04 1352.12
11-Oct-19 1498.35 1479.15, 1197.93 1166.01 & 1359.90 1338.33
10-Oct-19 1508.20 1494.80, 1232.35 1222.75 & 1368.69 1356.38
09-Oct-19 1503.40 1507.25, 1228.43 1232.93 & 1369.00 1372.65
08-Oct-19 1500.00 1505.85, 1225.50 1233.14 & 1365.30 1372.28
07-Oct-19 1502.15 1501.25, 1221.40 1218.11 & 1369.36 1365.54
04-Oct-19 1509.50 1499.15, 1223.75 1220.01 & 1374.70 1366.78
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