Some volatility is seen in Sterling in European session. It reacted negatively to a DUP lawmaker’s tweet that “Looks like we’re heading for no deal” Brexit. But the Pound was lifted by Brexit Minister Dominic Raab’s thumbs up out of the Cabinet meeting. Sterling is trading generally firm, as the second strongest, just next to Australian Dollar and above New Zealand Dollar. The Aussie is supported by slightly more upbeat RBA statement, after the central bank stood pat on interest rate.
On the other hand, Canadian Dollar, Dollar, and Euro are generally weak. The US calendar is empty today, making way for mid-term election. So volatility could dies down a bit too, until we get the results.
In European markets, at the time of writing:
- FTSE is down -0.66%
- DAX down -0.20%
- CAC down -0.26%
- German 10 year yield drops -0.008 at 0.421
- Italian 10 year yield rises 0.081 to 3.404. Spread is marginally below 300.
In Asia:
- Nikkei rose 1.14% to 22147.75
- Hong Kong HSI rose 0.72% to 26120.96
- China Shanghai SSE dropped -0.23% to 2659.36
- USD/CNH is now above 6.9, as range trading extends
