EURGBP Hits Highest Levels in 10 Years on Brexit Fears
GBP Down Despite Data Beats It’s been an interesting week for the GBP as we’ve had a raft of data out, the majority of which surprised to the upside! However, price action has remained stubbornly muted. So, on Tuesday we had labour market data out of the UK, which saw average weekly earnings ticking up […]
Brexit: Will EU Back Down Over Irish Backstop Issue?
Trick or Treat? With the October 31st Brexit deadline looming larger on the horizon each day, the likelihood of a no deal Brexit is starting to ratchet up. New UK Prime Minister Boris Johnson has vowed to “do or die” taking the UK out of the EU on the deadline date under “any circumstances”. While […]
BoJ’s comments weight on yen, while euro is stable on ECB’s economic outlook
The yen trimmed gains, following the comments of BoJ’s official Kikuo Iwata, raising doubts over the central bank’s need to raise interest rates in order to bring down the policy divergence to normal levels. “I absolutely do not think it’s time to begin stimulus cuts by raising rates”, said Kikuo Iwata, speaking on a business […]