Forex news from the European trading session – 7 September 2020
Headlines:
Markets:
– JPY leads, GBP lags on the day
– European equities higher; E-minis down 0.1%

Brexit negotiations continue this week, starting from tomorrow
Thursday and Friday will likely be the days to watch out for in terms of key headlines, especially after Frost and Barnier have had their concluding talks on Thursday, 10 September.

Comments by the German government spokesperson
– There is only little time left to reach a Brexit deal
– But Germany is convinced it is still possible
– But UK must make concessions for a deal to happen
Different day, same story. Both sides are still pushing for each other to move their red lines but until we move

A tweet by European Commission president, Ursula von der Leyen
I trust the British government to implement the Withdrawal Agreement, an obligation under international law & prerequisite for any future partnership. Protocol on Ireland/Northern Ireland is essential to protect peace and stability on the island & integrity of the single market.

Cable falls to a session low of 1.3175, testing the low on Friday
The pressure is starting to build for the pound now as sellers are threatening a further move to the downside, in search of a firm break under the 1.3200 handle.