US House Speaker Pelosi: Talk with Mnuchin today provided more clarity

Ross J Burland FXStreet

Earlier, Pelosi's spokesman Drew Hammill said on Twitter that US House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin moved closer to an agreement on a fresh coronavirus relief package during a 45-minute talk on Tuesday.

Hammill said talks would continue on Wednesday, and "both sides are serious about finding a compromise."

Pelosi herself has just stated that the talks with Mnuchin provided more clarity and that she remains hopeful of a pre-election stimulus deal.

NEW PELOSI LETTER — notable: waiting on committees for resolution on items. They’ve been deadlocked. And also — “reach an agreement” before the election. pic.twitter.com/1Hdv1SHZHP
— Jake Sherman (@JakeSherman) October 20, 2020

Futures in early Asia have enjoyed the optimism.

S&P500 CFDs were higher by over 0.5% to trade at 3455.4 the high.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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