UK’s Raab: It’s not “remotely likely” that UK could leave without a deal, Cable tested 1.2930

Dhwani Mehta FXStreet

Reuters reports Sunday’s comments delivered by the UK Foreign Minister Raab while speaking in a BBC TV interview.

When asked by if the UK could leave without a deal, Raab said: "No ... I don't think it's remotely likely."

He explained that it's not "remotely likely" that the UK would leave the EU without agreeing on a free trade deal at the end of a post-Brexit transition period.

UK election: Poll shows Conservatives hold the top spot – GBP/USD Positive

Meanwhile, with the UK opinion polls showing the Conservatives in the lead and following the Brexit Party leader Farage’s stepping from the 43 additional constituencies, where the Labour won, the GBP/USD pair saw a minor 9-pips bullish gap at the weekly opening.

The Cable then went on to hit fresh ten-day highs at 1.2928, currently trading near 1.2918 levels, still up +0.18%.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD sticks to positive bias above 1.1800 as trade jitters undermine USD

The EUR/USD pair builds on the previous day's modest gains and attracts some buyers for the second straight day on Thursday amid a softer US Dollar. Spot prices, however, lack bullish conviction and trade around the 1.1815-1.1820 area during the Asian session, up 0.10% for the day.

GBP/USD extends recovery to near 20-day EMA as US Dollar weakens

The Pound Sterling holds onto weekly gains around 1.3565 against the US Dollar during the Asian trading session on Thursday. The GBP/USD pair trades firmly as the US Dollar remains under pressure due to uncertainty surrounding the United States trade policy outlook.

Gold struggle with $5,200 extends ahead of more US-Iran talks

Gold is replicating the recovery moves seen in Wednesday’s Asian trading early Thursday, as buyers continue to flirt with the $5,200 level. Sustained US Dollar weakness and looming US-Iran talks aid the bright metal’s rebound.

Michael Saylor unveils Bitcoin-backed "Digital Credit" vision at Strategy World

Strategy CEO Michael Saylor delivered a keynote titled "Digital Credit" on Tuesday at Strategy World, positioning Bitcoin as the foundation of a new financial system built on what he described as "digital capital."

Nvidia delivers another monster earnings report, and forecasts big things to come

It was another monster earnings report from Nvidia for fiscal Q4. Revenues were $68.1bn, smashing estimates of $65bn. Gross profit margin was a healthy 75%, up from 73.5% in the prior quarter, and the outlook for this quarter was monstrous.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.