Forex Signals – Brexit Flare-Up

(Bloomberg) — It’s looking good for the U.K.’s first bond sale through banks since June, not least because of the latest saga in trade talks between the nation and European Union.

This week’s offering of 15-year debt should attract investors seeking safety in sovereign securities amid concern Britain is headed for a no-deal Brexit, according to ING Bank NV.

Pound to US Dollar Exchange Struggle

Federal Reserve Decision in Focus

Bitcoin hits highest level

Such conditions look set to spur a narrowing of the yield premium on longer-maturity gilts over shorter-dated ones — and that prospect should support demand at the planned issuance, he added. The sale may be held as early as Tuesday. Barclays (LON:BARC) Plc estimates the sale size at 4 billion pounds ($5.3 billion). Forex Signals – Brexit Flare-Up

Reserve Bank of Australia Monetary policy Meeting Minutes

The offering is the first to be arranged by banks since a 30-year bond was sold in June. A similar syndication of 10-year notes in May attracted record orders in excess of 82 billion pounds.

US Dollar Trades Steady

Banks involved in the deal agree to underwrite the offering in return for fees, avoiding the embarrassing possibility of failing to find sufficient demand – how to open a forex trading account

Pound Euro (GBP/EUR) Exchange Rate

The U.K.’s Debt Management Office said the securities on offer this week will have a 0.625% coupon and mature in July 2035. That compares with a yield of 0.51% for 15-year notes in the secondary market.

LOOKING TO BECOME A FOREX AFFILIATE?

Trade better, discover more Forex Signals Strategies
Better Still Sign Up For our FX Signals Daily
Read more on Forex News Today
Download our Forex Signals APP

Join our 21,345  Subscribers Forex Signal Packages!!

forex signals

Forex Affiliates