Tuesday 20th October 2020
Markets are waiting to see the outcome of two on again off again decisions, both with sizeable economic consequences. Boris Johnson declared that Brexit talks were over, but NAB’s Ray Attrill says the markets clearly don’t believe him, with the pound one of the strongest currencies today. Stateside equities are subdued as the deadline for a pre-election stimulus deal draws closer. Meanwhile the Aussie, which should be benefiting from a falling US dollar and a stronger Yuan, refuses to budge as markets come to terms with the next moves from the RBA.