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Taking their cue from Equity

CROSS ASSET

A fairly mixed early session in FX and cross assets.

  • Markets are taking their cue from the knee-jerk moves in EU and US equities.
  • Aside from Covid spikes and further Global lockdowns risks.
  • Short term focus, turns to the US Georgia election.
  • The results are likely to come through in a similar way to in the November presidential election, with smaller Republican counties where people voted in person on election day having their results by the end of election night, but the larger Democratic counties around Atlanta taking longer as there are more postal votes to count there.
  • Also note, military/overseas ballots can keep coming in until Friday.

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