Hope you had a good weekend and enjoyed the last of our summer weather.
This morning trending across main social media mediums we are seeing “no deal” appearing in the top 10. The government is set to publish the first in a series of technical notices designed to prepare the UK for the possibility of a no-deal Brexit. The notices will include advice for businesses, citizens and public bodies. Worrying that they now feel the need to publish said notes…negotiations clearly aren’t going well.
No data this week for GBP so all eyes on the headlines
Still looking very precarious as it has been dragged through the mud with Turkey still bubbling about in the background. Big day this Thursday with Markit Manufacturing figures set to be released. Will be interesting to see whether Germany have picked up.
USD generally gaining ahead of proposed trade talks between the US and China that investors hope will ease tensions between the world’s two biggest economies. Escalating trade tensions between the US and its trading patterns, in addition to a plunge in the Turkish lira, have boosted the dollar and taken a heavy toll on emerging market currencies leaving a sour taste in many peoples mouth.
The annual Jackson Hole economic policy symposium is this Thursday with the main focus anticipated to be put on Interest Rates. Always good for volatility due to the calibre of people in attendance:- central bankers, policy experts and academics.
Have a good day!