Forex news from the European morning session – 19 June 2020
Headlines:
Markets:
– AUD leads, GBP lags on the day
– European equities higher; E-minis up 0.8%

S&P 500 futures up by a little over 0.7%
report
S&P 500 futures are a little over 0.7% higher with Dow futures up by 0.9% currently.
Meanwhile, European indices are also looking a little more perky with most indices holding gains of around 1% at the moment. So far, there aren’t much pessimistic headlines to be dragging risk

Politico reports on the matter
Meanwhile, France and Germany are said to be putting „heavyweight support“ behind the European Commission’s proposal.

GBP/USD falls to fresh lows under 1.2400 since 1 June
The pound continues to encounter some heavy selling this week, with the technical exhaustion starting to show after the recent move to 1.2800 last week.

Merkel is said to have warned her fellow leaders in the meeting today
According to officials familiar with her comments, it is said that Merkel has warned other EU leaders that the bloc faces its deepest recession since World War II and that will lead to „very, very difficult times“ ahead.