MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

MNI BRIEF: PBOC To Watch CNY Moves Closely - Vice Governor Zhu

MNI BRIEF: BOJ Urges Bank Vigilance Against Tail Risks

MNI BRIEF: China Aims To Digitalise 70% Of Firms By 2025

MNI BRIEF: Q1 Cross Border Activity Up 117.8% - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: EUROZONE FEB CONSTRUCTION OUTPUT +1.8% M/M, -0.4% Y/Y

Q1 Industry Survey Suggests H1 Growth Tailwind

Indonesian Sov Curve Flattens, Barclays See BI Cutting Next Week

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Dollar Dropped, Sterling Stronger

FOREX
  • GBP is stronger early Monday, with GBP/USD bid to just shy of the 1.3015 50-dma as reports suggesting the UK could edit and rewrite the more quarrelsome elements of the UK Internal Market Bill support sentiment. The BBC have further reported that EU/UK negotiators are to re-engage today.
  • The USD is the poorest performer in G10 so far today, with higher equity futures largely responsible. The e-mini S&P sits just below Friday's 3,508.50 high.
  • Chinese GDP data missed expectations, with China growing 2.7% in Q3 vs. Exp. 3.3%, anchoring the Y/Y growth rate to 4.9% vs. Exp. 5.5%. This initially pulled stocks and commodity-tied currencies a little lower, but the likes of AUD and NZD are regaining ground ahead of NY hours. The latter is outperforming following the landslide victory for Ardern's Labour party in weekend elections.
  • Data is few and far between Monday, with focus turning to a plethora of central bank speakers - most notably ECB's Lagarde, Fed's Powell and BoE's Broadbent.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.