{"id":105882,"date":"2020-10-15T18:30:43","date_gmt":"2020-10-15T17:30:43","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105882"},"modified":"2020-10-15T18:34:21","modified_gmt":"2020-10-15T17:34:21","slug":"104555-eu-summit-to-drive-gbp-usd-ftse","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104555-eu-summit-to-drive-gbp-usd-ftse\/","title":{"rendered":"EU Summit to Drive GBP\/USD, FTSE"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">EU Summit of leaders kick off a two-day meeting today where the Brexit negotiations will be assessed<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">GBP and the FTSE could see volatility as headlines emerge indicating progress, or the lack of in EU-UK trade talks.<\/span><\/li>\n<\/ul>\n<p><b>EU-UK TRADE HEADLINES TO DRIVE FTSE &amp; GBP\/USD<\/b><\/p>\n<p><span style=\"font-weight: 400;\">EU leaders will meet in Brussels two-day meeting of the European Council, to discuss the covid pandemic and assess the progress in EU \u2013 UK trade negotiations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So far there is no agreement.\u00a0 GBP and FTSE 100 will be driven by headlines from the meeting for the rest of the week.t.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Trading will be choppy as the EU leaders assess progress on the talks and decide what to do regarding the British Prime Minister Boris Johnson\u2019s deadline of October 15,<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The EU and the UK remain far apart on contentious issues such as fisheries, fair competition and dispute resolution. These issues need to be agreed before the transition period ends on December 31. Expectations are that the two sides will reach a bare bones agreement, working out the details later.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GBP\/USD and\u00a0 FTSE 100 could be limited by flows into safe-haven assets like the US Dollar amid a resurgence of Covid-19 cases and fading optimism over a\u00a0 a US fiscal stimulus pack GBPUSD, resistance can be seen at 1.3082 and 1.3072 (Oct 12<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\"> &amp; 13<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\">) support can be seen at 1.2893 from the (20-day moving average) and 1.2830 (100-dma.)<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EU Summit of leaders kick off a two-day meeting today where the Brexit negotiations will be assessed GBP and the FTSE could see volatility as headlines emerge indicating progress, or the lack of in EU-UK trade talks. EU-UK TRADE HEADLINES TO DRIVE FTSE &amp; GBP\/USD EU leaders will meet in Brussels two-day meeting of the [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5970,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1394,1888,1398],"class_list":{"0":"post-105882","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-gbp","10":"tag-gbp-usd","11":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EU Summit to Drive GBP\/USD, FTSE - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104555-eu-summit-to-drive-gbp-usd-ftse\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104555-eu-summit-to-drive-gbp-usd-ftse\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104555-eu-summit-to-drive-gbp-usd-ftse\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EU Summit to Drive GBP\\\/USD, FTSE\",\"datePublished\":\"2020-10-15T17:30:43+00:00\",\"dateModified\":\"2020-10-15T17:34:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104555-eu-summit-to-drive-gbp-usd-ftse\\\/\"},\"wordCount\":236,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104555-eu-summit-to-drive-gbp-usd-ftse\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2017\\\/08\\\/pounds-brexit.jpg\",\"keywords\":[\"gbp\",\"gbp\\\/usd\",\"usd\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104555-eu-summit-to-drive-gbp-usd-ftse\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104555-eu-summit-to-drive-gbp-usd-ftse\\\/\",\"name\":\"EU Summit to Drive GBP\\\/USD, FTSE - 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