Meanwhile Pound continues to drift lower amid UK health authority repeatedly warning for a possible lockdown in the UK economy. The piece of attraction in today’s session will be Bank of England’s Governor Speech in which he may hint about the possibilities of deployment of negative rates. Investors will be closely watching BoE Governor’s two scheduled appearances on Tuesday and Thursday in a bid to gain further clues about the BoE’ intentions, while a survey of manufacturing conditions in the UK out on Wednesday will provide clues about the strength of the economic recovery.
Risk sentiment further turned sour after shares of HSBC and Standard Chartered dropped massively after media reports alleging international lenders had flagged trillions of dollars in transfers to US anti-money laundering authorities. The ICIJ – (the source provider of this news ) allegations were based largely on leaked documents covering more than 2,100 suspicious transactions worth more than $2tn and flagged by lenders and other financial groups to the US Department of Treasury’s Financial Crimes Enforcement Network between 1999 and 2017.
TREND : WEAK BEARISH
Time : 22/09/2020
Pivot : 1.2854
Technical View : LONG ABOVE 1.2874
Target : 1.2894, 1.2949, 1.3052, 1.3132
Technical View : SHORT BELOW 1.2834
Target : 1.2814, 1.2726, 1.2656, 1.2543