HomeLive CommentsInto US session: Sterling lacks direction as no-deal vote awaited

Into US session: Sterling lacks direction as no-deal vote awaited

Entering into US session, Sterling is the strongest one for today so far. But it should be noted that the pound is just gyrating in range, as markets await no-deal Brexit vote in the parliament at 1900GMT. There will likely be no clearly direction until the UK Commons made up its mind on what it wants collectively. EU is also clearly that if they were to agree to an extension, they needed to know what for first. There was a rumor saying Attorney General Geoffrey Cox might modify his legal advice that could offer some help to PM May. But such rumor is quickly denied.

Staying in the currency markets, Swiss is currency the second strongest, followed by Euro. New Zealand Dollar is the weakest one, followed by Aussie and then Yen. Such combination shows that there is no clear direction in the market for today.

In Europe, currently:

  • FTSE is up 0.12%.
  • DAX is up 0.07%.
  • CAC is up 0.42%.
  • German 10-year yield is up 0.015 at 0.072.

Earlier in Asia:

  • Nikkei dropped -0.99%.
  • Hong Kong HSI dropped -0.39%
  • China Shanghai SSE dropped -1.09%.
  • Singapore Strait Times dropped -0.52%.
  • Japan 10-year JGB yield dropped -0.0151 to -0.045.

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