News of Boris Johnson being taken to Intensive Care Unit has Pushed the GBP down again.
Despite the Feds injecting USD in short term REPO (they injected 13.5B yesterday), there is not enough USD in the market to meet the high demand. USD is expected to continue its climb in the next couple of weeks. Gold is also likely to continue its climb while the mining remains shut down everywhere and US economic data shows more and more weakness.
Seems like everyone were treating Covid19 as if it was just a storm, but now they are realizing that its going to be a winter they need to survive.
3 comments
Luis Mejia
Fl is the worse for that I live in miami!
Luis Mejia
By the way I read this all day no clue what in reading but I'm learning...I think lol