Brexit “still has some legs”, US bipartisan group devides stimulus into two packages
Having received upbeat Brexit news during the weekend, relating to the continuation of talks for one more week, the BBC Political Correspondent Iain Watson tweets increased optimism among the sources close to Brexit talks with the European Union (EU). However, it was also conveyed that the fisheries and level playing field aren’t the only problems.
Elsewhere, CNN’s Senior Congressional Correspondent Manu Raju came out with the update on the US coronavirus (COVID-19) stimulus suggesting that the total package will be in two parts and the final details will be presented soon.
FX implications
Both these events are positive to the market risks and hence AUD/USD bulls keep the reins around the mid-0.7500s during the early Asian session on Monday. On the other hand, GBP/USD begins the week with an upside gap of over 130 pips, currently around 1.3330, on the Brexit-positive news.