After the announcement by the US Senate on the introduction of a tax reform in 2019, the stock markets have reacted in a slight decrease and stopped the 8-week dollar rally. Donald Trump has decided to extend his working visit to take part in the beginning of the East Asia Summit, which he called "the most important day" of his trip. President Trump also met today with the President of the Philippines Rodrigo Duterte who called the US president to establish contacts with the North Korean leader Kim Jong-un.
Furthermore, the British pound began to weaken on the background of political events, and at the moment the GBP/USD pair is trading below 1.3100. In addition, Brexit negotiations, which in fact have reached a dead end, still do not allow the British currency to strengthen. There is also an opinion that dismissing Theresa May might cancel the results of Brexit and the UK will be able to stay in the European Union.
