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Sterling Remains Fragile In Muted Start To Asia Trade


Major currency pairs have oscillated within tight ranges amid a dearth of headline catalysts. The dollar index (BBDXY) is virtually unmoved as we type.

  • The yen has regained poise despite marginal early underperformance as U.S. e-mini futures have plunged into negative territory.
  • The GBP remains vulnerable to the fallout from ongoing political turmoil in the UK, as a flurry of ministerial resignations and calls for PM Johnson to resign continued into early Asia hours.
  • German industrial output as well as U.S. trade balance & jobless claims will print today, with comments coming up from a slew of Fed, ECB & BoE members. Elsewhere, the continuation of UK political drama will draw attention.

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