Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- 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
FOREX: Looming Supreme Court judgement escalates GBP risk
-Ranges are tight and volumes thin so far Tuesday, with little news overnight
stemming price action across the board. This keeps focus on the looming UK
Supreme Court judgement at 1030BST/0530ET, at which the UK's most senior judges
will rule whether or not the government were in breach of the law when they
suspended parliament earlier this month.
-In response, GBP overnight vols are somewhat elevated, but the general
consensus sees few long term ramifications for the currency regardless of the
outcome today. Markets are split on which way the judgement will fall, but the
PM has pledged not to resign even if the ruling goes against him.
-EUR underperformed from the off, but has pulled back a modicum of strength as
Germany's IFO release proved supportive. Business climate and current assessment
beat expectations, countering a weaker expectations component.
-The data schedule is quiet Tuesday, with just US Richmond Fed and consumer
confidence due. RBA governor Lowe, ECB's de Guindos and de Cos are also on the