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Signs of Deal Progression Ahead of Pelosi's Deadline


US equities got a late bid as House Speaker Pelosi talked up the chances of a COVID-19 aid package by the end of play Tuesday, with markets particularly enjoying her statement that the administration has "come a long way" toward an agreement. This helped keep the greenback under pressure across the board, which fell most notably against the CAD, EUR and Scandi currencies.

GBP remains volatile in a range, with some late support emerging in GBP/USD as Telegraph sources reported that EU negotiator Barnier could be making a surprise visit to London as soon as Thursday. GBP/USD failed to cement the gains, however, returning lower just after the London close.

UK inflation, Canadian retail sales and the Westpac Leading Index for Australia are the calendar highlights Wednesday, which may leave more focus on the central bank speaker slate - ECB's Lagarde & Lane, BoE's Ramsden, RBA's Debelle and Fed's Mester, Kaplan, Kashkari and Bullard are all due.

MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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