Risk appetite was subdued yesterday, perhaps due to the weak GDP data from China. In the FX sphere, the pound was among the main gainers as UK PM Theresa May promised to be “more flexible” with Parliament over Brexit. As for tonight, the BoJ decides on monetary policy, while a few hours earlier, we get New Zealand’s inflation data for Q4.
Risk Appetite Eases, GBP Gains as May Promises Flexibility
The dollar traded higher against most of the other G10 currencies yesterday. It slightly underperformed against JPY and GBP, while it traded virtually unchanged against NZD and SEK. The main losers were AUD, CAD and CHF.
Although not so clear by the performance in the FX market, equities suggest that risk appetite softened yesterday following Friday’s strong boost. Most EU indices closed their sessions in the red, with the...
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