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Ukrainian President Zelenskyy: I spoke with French President Macron. We exchanged views on the diplomatic situation. Ukraine, France, and all our partners are ready to work as productively as possible for a genuine peace. Its important that the Russians stop deceiving anyone. We all need to truly end the war and establish a reliable security foundation for Ukraine and other European countries.Ukrainian President Zelenskyy: We also discussed with the Danish Prime Minister the work being done towards EU accession, as well as the progress being made by Ukraine and Moldova on this path.Ukrainian President Zelenskyy: I spoke with the Danish Prime Minister. We see that Russias position has not changed—the Russians still refuse to stop the killing, still invest in the war, and still push the idea of "exchanging" Ukrainian territory for Ukrainian territory, which will not guarantee anything other than a more favorable outcome for Russia to resume the war.Ukrainian President Zelenskyy: I spoke with British Prime Minister Starmer. We both agreed that Ukraine needs real and lasting peace, and that Russias attempt to reduce all issues to discussing impossible issues is dangerous.On August 9th, the Russian Ministry of Defense reported that between 10:41 PM local time on the 8th and 5:05 AM local time on the 9th, Russian air defense systems intercepted and shot down 97 Ukrainian drones over Kursk, Bryansk, Belgorod, and Moscow Oblasts. Furthermore, between 5:10 AM and 8:00 AM local time on the 9th, Russian air defense systems shot down 21 Ukrainian drones in various locations. The Ukrainian Armed Forces General Staff reported on the 9th that 163 battles took place along the front lines over the previous day, with Ukrainian forces repelling dozens of Russian attacks from multiple directions. The Ukrainian Air Force reported that, starting at 10:30 PM local time on the 8th, Russian forces launched attacks against Ukraine using two missiles and 47 drones. As of 9:00 AM local time on the 9th, Ukrainian forces had shot down or intercepted one Russian missile and 16 drones.

Prior to UK/US PMI, GBP/USD Justifies Monday's Bearish Doji to Drop to 1.2000

Alina Haynes

Feb 21, 2023 15:18

 GBP:USD.png

 

In the early hours of Tuesday morning, GBP/USD retests intraday lows at 1.2020 as traders celebrate the return of Western traders after a lengthy weekend owing to American holidays. In addition to the return of the entire market, the traders of the Cable pair express concern over the Brexit deal negotiations and worries regarding the trust of small industries.

 

Late on Monday, the UK Times claimed that British Ministers are willing to resign over (Prime Minister) Rishi Sunak's Brexit proposal if it undermines Northern Ireland's position inside the United Kingdom. The Times said that "the hostility of euroskeptic Tory lawmakers to the accord is rising."

 

In another article, The Times quotes a Barclay's industrial poll to show that small business owners are becoming more hopeful about the future. The same adds to evidence that the United Kingdom's economic outlook may not be as grim as feared and stated in the press.

 

Concerns of a monetary policy divergence between the Federal Reserve and the Bank of England (BoE) appear to be weighing on the GBP/USD exchange rate, as seen by the week's mixed British results and the robust American data.

 

Notwithstanding this, yields on 10-year U.S. Treasury notes are near their highest levels since early November 2022, with bids hanging around 3.86 percent.

 

Meanwhile, geopolitical concerns emanating from China and Russia appear to enhance the safe-haven demand for the US Dollar and weigh on the GBP/USD exchange rate.

 

The initial figures of the S&P Global PMIs for February will be crucial for GBP/USD traders. To stabilize prices, however, favorable news from the United Kingdom is essential, since recent US Treasury bond yield movements have favored the US Dollar ahead of the most critical US PMIs.


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