Yesterday the Bank of Canada announced that it will not raise interest rates for the third time this year. Against the background of this statement the Canadian dollar dipped relatively against the reserve currency and the USD/CAD pair is currently entrenched above $1.28.
After yesterday's announcement by the lead Brexit negotiator for EU, Michel Barnier, of the fact that the British government has 48 hours to adopt conditionality or negotiations will not move to the next stage of talks, the pound sterling continued to decline since at the time of the next EU summit in March British businesses will have to make a decision on their location.
The EUR/USD pair is another instrument where we also do not see the trend changing, despite the fact that in the context of export and investment inflow growth in the eurozone's GDP in the 3rd quarter increased by 0.6%.
European stock markets also rose and the growth of the composite index Stoxx 600 was 0.14%. In addition, today we expect a speech by ECB President Mario Draghi. At this point, the pairs associated with the euro may increase in volatility.
