This week in a glance...for GBP, USD & AUD.
1) The October 15 deadline set by PM Boris Johnson is only 4 days away. Uncertainties still loom on the horizon with regards to the Brexit deal – so looks like volatility is also on the plate for the GBP.
2) Positive progress in the stimulus package deal – as President Donald Trump now saying that he wants a much larger package than what both parties are offering. Democrats have proposed a $2.2 trillion bill and Republicans are proposing a $1.8 trillion outcome. The big question is: will a deal on stimulus package be finalized before the US election. I can't help but feel that it is fast becoming a 'pawn' in the hands of both parties. With only 3 and ½ weeks to go till the Nov 3 elections, the news coming out of the US is certainly very ‘hot’ but watch out for volatility in the USD.
3) Australia is due to release the next jobs report. RBA Governor Lowe will also be giving a speech at the Citi Australia and New Zealand Annual Investment Conference on October 15.
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