{"id":154055,"date":"2019-08-23T07:45:45","date_gmt":"2019-08-23T11:45:45","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154055"},"modified":"2019-08-23T07:28:32","modified_gmt":"2019-08-23T11:28:32","slug":"eurusd-markets-awaiting-powells-remarks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/eurusd-markets-awaiting-powells-remarks\/","title":{"rendered":"EURUSD: markets awaiting Powell\u2019s remarks"},"content":{"rendered":"
August 23, 2019<\/div>
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By Alpari.com<\/a><\/strong><\/p>\n

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Previous:<\/em><\/strong><\/p>\n

On Thursday the 22nd<\/sup> of August, trading on the euro closed slightly down. It was a volatile day for the single currency. We got some sharp fluctuations in response to Angela Merkel\u2019s comments on Brexit, which pushed the pound up 150 pips against the US dollar. It later turned out that markets had misinterpreted her comments, and has opened long positions on the pound without verifying the information.<\/p>\n

What Merkel said was that the EU and the UK may have time to find a solution by the 31st<\/sup> of October that would eliminate the need for the so-called Irish backstop. British media interpreted this as meaning that a solution would be found in time, although Merkel simply referenced the 31st<\/sup> of October as this is the date on which the UK intends to leave the EU.<\/p>\n

The GBPUSD pair didn\u2019t fall back. The correction on the pound gathered pace today as the dollar made gains across the board.<\/p>\n

Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n