GBP/USD Shows Above 1.30 For First Time in Three Weeks

Haven currencies are slightly favoured so far Tuesday, with JPY, CHF better bought. Gains here are coming at the expense of AUD, NZD and the EUR, which are among the weakest performers so far, albeit within recent ranges.

• GBP/USD hit a new multi-week high up at 1.3007 as markets look ahead to the arrival of EU negotiators (and Barnier) later in the week, with markets still seeing a decent probability of a last minute deal. A firm break and close above the 1.3007 mark would be a bullish signal.
• Equities are offered across continental Europe, with UK markets underperforming slightly (most indices are down 0.3-0.6%), which has helped support the JPY during European hours, dragging USD/JPY further off the 105.79 Monday high.
• Canadian and US trade balance and the monthly JOLTS job openings numbers are the data highlights. The speaker schedule will likely be of more interest, with ECB's Lagarde & Lane, Fed's Powell, Harker, Bostic & Kaplan all due.