What you need to know on Thursday, September 5
Publish Date : 2019/09/05 - 07:43

What you need to know on Thursday, September 5:

The British parliament has rejected prime minister Boris Johnson's plan for span elections. Opposition lawmakers – Labour Party – send a legislation to block a no-deal Brexit which has successfully passed the House of Commons. The bill now goes to the House of Lords and will likely be approved by late Friday. That allowed GBP/USD to rise more.

Mark Carney, Governor of the Bank of England, reiterated that a no-deal Brexit will be less disruptive than previously thought due to preparations. The news also supports the pound.

US Treasury Secretary, Steven Mnuchin, and Trade Representative, Robert Lighthizer, spoke with Chinese Vice Premier Liu He, it is providing hopes for face-to-face meetings. AUD/USD stands out with a significant advance above 0.68.

The US dollar remains under pressure after Tuesday's poor ISM Manufacturing PMI and as Fed officials have reiterated their fears about the global economy.

Cryptocurrencies have stabilized after gaining earlier, Bitcoin remaining below $11,000.

Source: Fxstreet

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