• Brexit continues to dominate headlines

    Brexit continues to dominate the headlines, as reports this weekend suggested that MPs are plotting to oust U.K Prime Minister Theresa May. The EU has offered an extension, however, the timeframe will depend on the PM gaining support for her twice rejected divorce deal. The uncertainty has seen GBPUSD drop as low as 1.3162 at 10:27 GMT.

    Markets have been jittery amid fears of an economic slowdown and possible recession. This morning all major indices were in the red. Gold prices were higher as fears of a recession in the U.S. resulted in investors looking to Gold as a safer asset; Spot Gold rose to $1,318.93 at 10:31 GMT.

    In other news, the Mueller report concluded, in which Attorney General Willian Barr summarised that President Trump did not collude with the Russian government.

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