The Euro and the US Dollar posted mixed results across the board on Wednesday. The greenback outperformed during the first half of the day after Fed rate cut expectations were tampered by comments from Fed’s officials on Tuesday.
GBP/USD is trading below 1.2700. BOE Gov. Carney said the BOE may cut rates in case of a no-deal Brexit. Boris Johnson has rattled markets by saying leaving the EU by October 31st is "do or die."
Following the sharp upsurge witnessed during the European trading hours, the USD/JPY pair has gone into a consolidation phase and is now moving in a relatively tight range in the upper half of its daily trading range.
![FXStreet Team]()
Successful trade talks could rescue a lot and give the positive cycle another year or two. A Brexit deal would add to the momentum. Failure of trade talks will I think precipitate a recession. A no deal Brexit would probably push the EU and UK into recession but not the rest of the world, if the trade talks are solved. If we get a no-deal Brexit and failed trade....it will be, as the Chinese supposedly said but never did... May you live in interesting times.
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