Previous Day's Market Highlights
Political uncertainty regarding Prime Minister May’s leadership of the Tory party kept the pound under pressure on Friday. Sterling-euro fell towards 1.1120 from above 1.1200 on Thursday.
The dollar gained on Friday despite the first decline in monthly non-farm payrolls in seven years as the Unemployment Rate fell to 4.2% and average earnings growth accelerated more than forecast. The decline in jobs was largely attributed to the impact of recent hurricanes. Cable held above 1.3000 whilst euro-dollar later regained 1.1700.
Today's Market Highlights
The fifth round of Brexit negotiations begins today. Investors will also keep an eye on any headlines from the day’s Eurogroup meetings, which include discussions of the European Stability Mechanism’s role, and a speech from the ECB’s Lautenschläger (17:00 BST). Today is a Bank Holiday in the US and Canada.
Later in the week, the UK releases the latest manufacturing and industrial production data, the Fed releases its September meeting minutes, ECB President Draghi speaks, and the US releases September CPI data.
Today's Economic Calendar
|17:00||EUR||ECB's Lautenschlager Speaks|