Stocks Unbothered On Lack Of Data
The sentiment is rather calm with no particular focus. Britain is getting ready for another round of Brexit negotiation, which gives Sterling a boost. But, some speculations suggest that the talks will be very difficult as Brexit Secretary David Davis might resign as a protest to Theresa May’s actions.
Greenback remains weak, but yields reinforced. Euro grew to its 10-day maximum versus the greenback on coming ECB QE exit discussion, but then EUR/USD dropped as investors began having concerns about slowdown in inflation, growth and PMI surveys.
Today’s data marks US unemployment claims and speeches from the BoC Governor Stephen Poloz and the Bank of England’s official David Ramsden.