Forex News | Weekly Review – New round of Brexit | July 26, 2019
Results of the week
Stock markets are growing against the background of easing monetary policy and the weakening of the dollar.
Gold is getting cheaper because the demand for risky assets remains high, considering the prospects for the resumption of negotiations between China and the United States next week.
The recession in the EU is increasing. Business activity in Germany is rapidly declining. The situation with Brexit does not contribute to the strengthening of the euro, especially after the election of Boris Johnson as Prime Minister of the United Kingdom. He is determined to withdraw the UK from the EU before October 31, with or without a deal.
The euro strengthened after the ECB decided not to change its monetary policy. At the same time, the central bank is expected to take measures to stimulate the economy in September.
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