The British pound was left mostly unchanged against the buck Wednesday, with the GBP/USD currently trading a few points south of 1.29 as a lack of clarity and rising odds of a general election continues to haunt markets. Tuesday witnessed a 0.68% decline after MPs rejected UK PM’s Boris Johnson’s plan.
Global Markets: Asian Stock Markets : Nikkei up 0.34%, Shanghai Composite down 0.59%, Hang Seng down 0.98%, ASX up 0.01% Commodities : Gold at $1493.45 (+0.40%), Silver at $17.56 (+0.35%), Brent Oil at $59.49 (-0.35%), WTI Oil at $54.16 (-0.59%) Rates : US 10-year yield at 1.752, UK 10-year yield at 0.694, Germany 10-year yield … Continue reading Wednesday 23rd October: Asian stocks in the red as Brexit timeline rejected
Tuesday had the Australian dollar a shade lower vs. its US counterpart, erasing 11 points, or 0.17%. Although snapping a four-day winning streak, hopes of a trade resolution between the US and China appears to be supporting trade-sensitive antipodeans.
Global Markets: Asian Stock Markets : Shanghai Composite up 0.35%, Hang Seng up 0.28%, ASX up 0.30% Commodities : Gold at $1487.95 (-0.01%), Silver at $17.57 (-0.16%), Brent Oil at $58.90 (-0.10%), WTI Oil at $53.38 (-0.24%) Rates : US 10-year yield at 1.803, UK 10-year yield at 0.746, Germany 10-year yield at -0.350 News … Continue reading Tuesday 22nd October: Asian stocks gain on news that US and China might sign an agreement in November.
Sterling attempted to overthrow the key figure 1.30 Monday, though failed to muster enough oomph to sustain gains as further delays were put into the Brexit process.
