Sterling’s post-UK election faded after a fleeting expedition north of 1.34 vs. the buck Monday. Weighed by disappointing preliminary PMIs for December, particularly in the manufacturing sector, and reports UK PM Boris Johnson plans law change to block a further Brexit delay
Global Markets: Asian Stock Markets : Nikkei down 0.29%, Shanghai Composite up 0.56%, Hang Seng down 0.28%, ASX up 1.63% Commodities : Gold at $1481.10 (-0.01%), Silver at $17.08 (+0.39%), Brent Oil at $65.08 (-0.21%), WTI Oil at $59.84 (-0.23%) Rates : US 10-year yield at 1.835, UK 10-year yield at 0.785, Germany 10-year yield … Continue reading Monday 16th December: Investors shrug off Chinese Industrial Production data, Trade Deal
GBP/USD bulls tightened their grip in recent sessions, strengthened on the back of Thursday’s UK General Election, culminating in a clear win for the Conservative Party.
Global Markets: Asian Stock Markets : Nikkei up 2.55%, Shanghai Composite up 1.78%, Hang Seng up 2.42%, ASX up 0.46% Commodities : Gold at $1470.35 (-0.13%), Silver at $16.93 (-0.13%), Brent Oil at $64.69 (+0.76%), WTI Oil at $59.53 (+0.59%) Rates : US 10-year yield at 1.910, UK 10-year yield at 0.821, Germany 10-year yield … Continue reading Friday 13th December: Green Green Green!!
Sterling initially dipped south of 1.31, testing the waters around 1.3050 amid dollar strength. However, a reversal was seen at the tail end of yesterday’s session as UK journalist reports aired positive vibes in favour of the Conservatives.
