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EQUITIES

Small bid in Estoxx emerging

SOUTH AFRICA

SA PPI Data Due 1030BST

FRANCE DATA

FR Business Climate At Highest Since Apr 2018

Starts the week in green territory

STERLING

GBP is surprisingly better bid and in green territory this morning against most G10.

  • Market participants have brushed aside the Moody downgrade to Aa3 from Aa2 on Friday, Covid lockdown risk and have instead held onto Bloomberg story that: "British officials are ready to water down Boris Johnson's controversial lawbreaking Brexit legislation in a move that could revive failing talks with the European Union,"
  • Focus today for the UK, BoE Broadbent and Cunliffe.
  • BREXIT: It is expected that EU Barnier and UK Frost will hold a a call to discuss the structure of future talks.
  • Politico reports that this could be today or tomorrow, while the Guardian expects today.
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com