CANADA FLASH Q2 GDP ANNUALIZED +2.2%

MNI China Daily Summary: Wednesday, July 31

MNI BRIEF: BOJ To Raise Further, No Clues on Timing - Ueda

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI BRIEF: China July PMI Contracts For Third Straight Month

MNI:US Q2 EMPL COST INDEX 0.9% V Q1 1.2%

MNI: CANADA MAY GROSS DOMESTIC PRODUCT +0.2% MOM

Blinken-US Uninvolved & Unaware Of Haniyeh Elimination Beforehand

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

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

GBP underperforms against all majors

STERLING

Better GBP selling emerging with short term upside limited for the British Pound.

  • The currency is underperforming against all majors, beside risk tied JPY.
  • Brexit: Everything is set for a showdown at the next EU summit next week. During the Johnson, Von Der Leyen weekend phone call, there was no mention of Johnson's previous deadline of an agreement by the 15 October with talks now expected to drag on to around the end of the month.
  • This would still give time for a deal to be ratified but any further delays and it will be difficult for the agreement to be passed before the end of the transition period which is scheduled to end on 31 December.
  • Fishing rights and state aid remains the sticking points.
  • COVID: Public Health said that nearly 16,000 positive Covid test had been missed between 25th Sep-2nd October.
  • Health Secretary Matt Hancock will be in the House around 15.30 UK time.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign Exchange Bullets

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.