UK seals first big post-Brexit deal with Japan – FT

Omkar Godbole FXStreet Contributor

According to the Financial Times (FT), the UK has signed an agreement with Japan. That's UK's first big post-Brexit deal.

The agreement was signed in Tokyo's Friday morning by Liz Truss, the UK's international trade secretary, in the presence of Toshimitsu Motegi, the Japanese foreign minister.

"Japan welcomes UK's interest in joining the TPP trade deal and will provide the necessary support," Japan's Foreign Minister Motegi said.

So far, the news has not had any impact on the GBP pairs. At press time, GBP/USD is trading at 1.3070, representing marginal losses on the day.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.