- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI DATA TABLE: China PPI Sub-indexes by Category (Aug 2023)
MNI DATA TABLE: China CPI Sub-indexes by Category (Aug 2023)
Duelling Brexit Headlines Prompt GBP Yo-Yo
Sterling traded in a highly volatile fashion inside a range Thursday, as duelling Brexit headlines prompted a 150 pip range in GBP/USD. Hopes ran high for a post-transition period Brexit deal, as the FT reported that EU-UK negotiators were within sight of a 'landing zone' on state aid and the level playing field, with fisheries the only outstanding issue. This prompted a rally up to 1.2978, the highest since mid-September. These hopes were quickly dashed, however, as Reuters cited an EU official in saying there was "no sign" of a landing zone just yet. As a result, GBP is easily the poorest performer in G10 at the US close.
Elsewhere, markets were disappointed with Pelosi's pessimism over the prospects for a renewed bipartisan push for the HEROES act. The pain was most clearly felt in industrial metals and oil, both of which fell sharply during US hours, with both copper and oil down as much 5% on the day.
Focus Friday turns to the September Nonfarm Payrolls report, with the US seen adding 875k jobs over the month, dropping the unemployment rate by 0.2ppts. Australian retail sales and speeches from Fed's Kashkari & Harker and ECB's Holzmann, de Guindos and de Cos are also due.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
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.