MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GBP Sapped as Markets Prime for Further Brexit Delays

FOREX

After outperforming throughout the Tuesday session, GBP now sits at the bottom of the G10 pile after Reuters cited sources in saying that EU/UK negotiators will likely miss their self-imposed mid-November deadline for reaching a free trade agreement. GBP/USD was sold in size from highs of above the 1.33 to new session lows down at 1.3241.

The greenback trades modestly stronger, but well within recent ranges. Volumes and price action could prove muted Wednesday given the partial close in the US for Veterans Day.

NZD outperforms after the RBNZ rate decision overnight. As expected, the central bank left the OCR & LSAP settings unchanged and said it will deploy a Funding for Lending Programme in December. The Bank took note of the relative resilience of domestic economy, but continued to flag downside risks and poured cold water on vaccine enthusiasm.

With no tier one data due, focus rests on the central bank speakers slate, with ECB's Lagarde speaking at the ECB's central bank forum.

Energy BulletsCommodities
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.