HomeLive CommentsInto US session: Sterling recovers, but upside capped by Brexit confusions

Into US session: Sterling recovers, but upside capped by Brexit confusions

Entering US session, New Zealand Dollar remains the strongest one for today. Sterling regains some ground yet it’s limited generally below yesterday’s high. Traders are looking at Brexit debate and amendment voting in the Commons, with increasing confusions. New alternatives emerge including the Brady Amendments as the Malthouse Compromise. But after all, one of the keys lies in whether there would be a united consensus within the UK. And another key is whether the EU would agree to re-open negotiations.

As for today, Swiss Franc is the weakest one followed by Yen. European stocks rise broadly on return of risk appetite while DOW futures also point to higher open. Eyes will also be on US-China trade negotiations but so far there is little news.

In Europe, currently:

  • FTSE is up 1.34%.
  • DAX is up 0.20%.
  • CAC is up 0.97%.
  • German 10-year yield is down -0.001 at 0.207.

Earlier in Asia:

  • Nikkei rose 0.08%.
  • Hong Kong HSI dropped -0.16%.
  • China Shanghai SSE dropped -0.10%.
  • Singapore Strait Times dropped -0.37%.
  • Japan 10-year JGB yield rose 0.005 to 0.005.

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