Economic data out of China came in solid in early Monday trade, though this has failed to inspire additional demand for risk assets. It seems a combination of profit taking from last week’s run and faded optimism around US-China trade talks, have been offsetting. read report
The currency market hasn’t been all that active this week overall, and into Friday, the more actively traded currencies are all within one percent of weekly opening levels. But with the exception of the Pound, all are tracking lower against the Buck. read report
Next 24 hours: GBP yield differentials looking more attractive
We’re into the latter half of the week and things have been rather tame. The big event this week has already passed us by, with the Brexit vote behind us and Theresa May now working towards her Plan B that she’s scheduled to outline on Monday. Eurozone inflation readings and the Philly Fed stand out on Thursday’s calendar. read report
Next 24 hours: Pause button hit on financial markets
While there remains quite a bit of uncertainty in the aftermath of an overwhelming defeat of Theresa May’s Brexit deal, the worst defeat on record for a sitting UK government, this is an uncertainty that is far more palatable to the UK outlook than what could have been. read report
Special report: Brexit Vote – What to Expect
The UK House of Commons vote on Theresa May’s Brexit deal takes centre stage on Tuesday, though the vote won’t get going until 7pm London time. Heading into the vote, it’s widely expected May’s deal will be rejected. And yet, this has done nothing to stop the Pound from rallying to its highest levels since the middle of November. What gives? read report
Next 24 hours: Risk off run to start the week
We’re into the new week and a lot of the attention will be back on the fate of Brexit, with that important vote in parliament scheduled for Tuesday, in which the government will either approve or reject Theresa May’s deal. read report
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