Winter is coming: The Global Markets FX Week Ahead podcast

With a sharp acceleration in the number of COVID-19 cases globally, and a raft of new restrictions for several major European economies, the outlook is darkening for Q4. Lee Hardman, currency analyst at MUFG, notes that despite the doom and gloom, there may be some light at the end of the tunnel. With positive Brexit talks suggesting a trade deal is nearing agreement between the UK and the EU, sterling seems to be performing well.

Elsewhere, the hotly debated US election is finally coming to a head. While Joe Biden is ahead in the polls, Donald Trump still has a narrow path to re-election. Lee believes this would be a surprise for markets, but it’s certainly within the realm of possibilities.

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