Trump wants a hard Brexit - UK Press

Joshua Gibson FXStreet

The UK press outlet The Sun is reiterating sentiments reported over the previous hours of US President Donald Trump, who warned that UK Prime Minister Theresa May's current 'soft Brexit plan' is something he doesn't want, stating that the third option proposal, of brought to life, "will probably kill" any future trade deal with the US.

President Trump has been vocal of his criticism of the EU recently, and lamented to The Sun that PM May didn't take his advice on Brexit. Trump, a fan of hard-line trade policies, wants to see the UK make a hard separation from the EU, regardless of economic impact.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

EUR/USD deflates to fresh lows, targets 1.1600

The selling pressure on EUR/USD now gathers extra pace, prompting the pair to hit fresh multi-week lows in the 1.1625-1.1620 band on Friday. The continuation of the downward bias comes in response to further gains in the US Dollar as market participants continue to assess the mixed release of US Nonfarm Payrolls in December.

GBP/USD breaks below 1.3400, challenges the 200-day SMA

GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near 1.3380.

Gold flirts with yearly tops around $4,500

Gold keeps its positive bias on Friday, adding to Thursday’s advance and challenging yearly highs in the $4,500 region per troy ounce. The risk-off sentiment favours the yellow metal despite the firmer tone in the Greenback and rising US Treasury yields.