The euro extended its gains until 1.2272 but day traders had to be content with little gains as volatility was noticeably more subdued with many traders leaving for holiday.
The pound was back above 1.36 as traders continue to price-in a deal between the EU and the UK. Given that GBP/USD is in heavily overbought territory, corrections are very likely now even in case of an agreement until Sunday.
Today is our last trading day in 2020. We will be back on our desks on Monday, January 4 2021.
Just a few more words by way of conclusion:
This holiday season is unlike any other to end a year unlike any other. Throughout this season, and as we move into a new (and hopefully better) year 2021, we wish you moments of peace amid all difficulties, connections with family and friends even if they can’t be in person, the warmth of memories from holidays past.
We wish you endurance, strength, health and as much happiness as these times can allow!