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Britain is heading towards a disruptive Bexit, with all facts pointing in that direction. Boris Johnson is set to take the leadership of the Tory Party and the position of Theresa May as Prime Minister of the UK altogether. But judging by his comments, not many people expect a deal between the UK and the EU, since Johnson is even more “radical” on the issues that set the two sides apart.

GBPUSD struggles to retain the rebound from the monthly-low (1.2439) as the Conservativ e Party leadership contest renews the threat of a no-deal Brexit, but fresh data prints coming out of the UK may keep the exchange rate afloat should the developments instill an improved outlook for growth and inflation.

See our free guide to learn how to use economic news in your trading strategy ! EURUSD may find itself in pain if German ZEW Survey data undershoots the already-low -22.0 forecast. As the proverbial steam engine of Europe, it appears the Eurozone’s economic champion is showing weakness that is rippling out into the regional economy. Germany’s growth is critical to the region’s financial stability, which is why key data out of Berlin warrants the attention of traders with exposure to European assets.

Good morning traders. It’s the second day of a new trading week, and markets continue to focus on the US and China for clues to move forward.

GBPUSD struggles to retain the rebound from the monthly-low (1.2439) as the Conservativ e Party leadership contest renews the threat of a no-deal Brexit, but fresh data prints coming out of the UK may keep the exchange rate afloat should the developments instill an improved outlook for growth and inflation.

After a few days of bullish run owing to the weakness in the US dollar, it’s back to weakness in GBP/USD as Brexit worries reappear on the horizon once again. At the time of writing, GBP/USD is trading at around 1.251.

Gold prices are struggling to gain traction despite what seems like a compelling catalyst: unmistakably dovish guidance form the Federal Reserve. That suggests the markets may have already priced in as much policy easing as can be reasonably expected before year-end.

Early on Tuesday morning, GOLD is trading bearish after losing some of its safe haven appeal over better than expected Chinese economic data. At the time of writing, Gold is trading at around $1,400.