The euro is getting a bit of a lift on the German data though the trade concerns will continue to dominate markets with the Fed minutes being the key data point.

Kenneth Broux

Categorized in : Business

The danger is that PM May faces a no-confidence vote and the risk has grown that we will have a leadership challenge and a possible hard Brexit leadership facing the EU.

This is a very difficult period for the market with oil prices rising and risk sentiment healing, but inflation expectations and bond yields not responding, we had the big fall in dollar/yen because investors were selling into bounces all the time regardless of what was happening in stocks, no matter what the BOJ was saying or doing.