GBP/USD SHORT TERM TRADER: New long at 1.3855; stop well below 1.3700. Target 1.4250. Chart from Analyst, Nicole Elliott, Investors Chronicle

 

GBP/USD SHORT TERM TRADER: New long at 1.3855; stop well below 1.3700. Target 1.4250.

GBP/USD POSITION TAKER: Long at 1.3730; stop well below 1.3700. First target 1.4000, then probably 1.4600.

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US Senate cannot agree Government shutdown

Debating until late into the night on Sunday Democrats in the US Senate concluded they could not pass a bill to temporarily extend federal funding as it currently stands. They are expected to try to come to some arrangement when they meet at midday today and in the meantime, it is unclear whether federal employees should report to work or stay home.

Unless the shutdown can be sorted it may mean that President Trump might not manage to get to the World Economic Forum which starts in the Swiss town of Davos tomorrow and runs until Friday. This might come as a relief to some participants, others feel someone of his stature should not have to listen to lectures on how the US government should be run. One way or another US voices will be heard as by far the biggest contingent, with over 700 participants, is from the US.

Financial & Political Commentary

 

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