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Investors Lock Gaze on US-China Saga, Brexit Uncertainty Weighs on GBP


Yesterday, EU markets traded in the green, US indices slid, while today in Asia, risk appetite recovered again. It seems that investors are reluctant to assume a clear direction ahead of the high-level trade negotiations between US and Chinese officials on Thursday and Friday. In the UK, the pound stayed pressured, perhaps due to uncertainty surrounding the Brexit landscape. In the EM world, the Turkish lira slumped on fears of a Turkish invasion in Syria, as well as due to Trump’s threats against Turkey.

Investors Await the US-China Talks Outcome

The dollar traded higher against most of the other G10 currencies on Monday and during the Asian morning Tuesday. It lost ground only against CAD and slightly versus NZD and CHF, while it gained the most versus SEK, JPY and NOK.

The performance in the FX world does not paint a clear picture with regards to the broader market sentiment, but the fact that the yen was among the main losers suggests that...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/investors-lock-gaze-on-us-china-saga-brexit-uncertainty-weighs-on-gbp-20191008
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