Post date: 28/10/2019 09:30 There was not a lot of excitement in G10 currencies last week outside of Sterling. The Pound gave up some of its recent gains as the prospects for a general election cloud the prospects for a near-term parliamentary agreement on a withdrawal agreement. Steady PMI indices of business activity in the Eurozone were overshadowed…
Post date: 21/10/2019 09:30 Politics drove currency markets last week, as positive Brexit news buoyed Sterling and other European currencies rose on the Pound’s wake. The pound gave up some of its gains on Asian trading Sunday night, but clearly markets think the risk of no-deal Brexit is now materially lower and an agreement that…
Post date: 14/10/2019 09:55 Political events once again overshadowed economic and policy news last week in financial markets. Optimism broke out on two key fronts: Brexit negotiations and the US-China trade conflict. As a result, risk assets worldwide rallied sharply worldwide, led in currency markets by the Pound and most emerging market currencies, with the…
Post date: 07/10/2019 11:20 Worrisome “soft” confidence data out of the US impacted Federal Reserve policy expectations and brought US tiles down 15 basis points for the week. The resulting headwinds made it difficult for the dollar to continue its recent rally, and the Euro managed a modest recovery towards the 1.10 level. While the…
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