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Investors Undecided Ahead of ECB and Fed, GBP Gains on Strong UK Data


Equity indices traded mixed yesterday and during the Asian morning today, perhaps as market participants turned more cautious ahead of fresh monetary policy signals from the ECB on Thursday, and the Fed next week. In the FX world, the pound rallied again, following stronger than expected economic data, while on the political front, the extension bill was officially passed into law and Johnson’s new bit for elections was rejected.

Equities Trade Mixed Ahead of ECB and Fed Policy Decisions

The dollar traded mixed against the other G10 currencies on Monday and during the Asian morning Tuesday. It gained against JPY, CHF and SEK in that order, while it underperformed versus NOK, GBP, EUR, and NZD. The greenback traded virtually unchanged against AUD and CAD.

The weakening of the safe-havens JPY and CHF suggests a risk-on trading environment, but turning attention to the equity world, we see that major stock indices traded mixed yesterday, with the...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/investors-undecided-ahead-of-ecb-and-fed-gbp-gains-on-strong-uk-data-20190910
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