Previous Day's Market Highlights
GBPEUR initially dropped 0.6% yesterday after rumoured fears that David Davis might resign whilst at loggerheads with Theresa May over the wording for the “backstop” plan for trade with the EU. A spokesman for the PM said that was not the case and a recovery of nearly half a percent was made.
With an almost bare calendar – barring USD jobless claims that stayed largely on course: forecast at 223k and coming in at 222k – the Brexit story was the driving force of the day for most GBP pairings, and the aftermath may play a heavy part in today.
|Currency Pairing||08:00 Today||Vs 08:00 Yesterday||Four-Week High||Four-Week Low||% Change|
Today's Market Highlights
Yesterday Brexit Secretary Davis claimed a victory, however - this triumph seemed empty by early this morning as Theresa twice refused reporters a “cast-iron guarantee” that the end date would not be pushed back.
This has seen all of yesterday’s losses reversed with GBP/EUR currently trading at 1.1382, the same level as this time yesterday.
With the exception of CAD unemployment data scheduled for release at 13.30, the economic calendar remains fairly light, with any volatility today likely to be politically driven.
Today's Economic Calendar
|All Day||ALL||G7 Meetings|