UK PM May’s spokesman with some comments was the news over the weekend. The UK was part of a three-pronged attack on Syrian targets. The comments here continues to suggest that the strikes are a “one and done” sort of attack.
For all the doom and gloom about Brexit and the UK economy, sterling continues to shine brightly Among the major currencies, is there no safer/better place than sterling at this point?
Chinese president Xi Jinping speaks via state radio Xi basically reiterating the same stuff from his anticipated speech earlier this month. Still continuing with talks of further opening up, but yet to see any real measures being put into place on that yet.
Comments by Russia’s deputy foreign minister The final comment is pretty much what the market is hoping for right now. If air strikes are officially not going to be in the picture any more, expect equities to slide out of their cautious mood.
Comments by a German government spokesman No further details given, all very on-the-surface still at this point. Let’s see if they can deliver anything fruitful later in the week – highly doubt it though.
March retail sales coming up The story this week so far is the rally in the pound and the euro. The US dollar is a tad on the soft side but it will have plenty to digest at the bottom of the hour.
David Blanchflower’s view is at odds with current BOE officials Blanchflower was on the central bank’s interest rate panel from 2006 to 2009 and he that UK unemployment rate may have to drop to 3% before wage growth sees any serious traction.
USD/CAD falls to the lows of the day The Canadian dollar is beginning to take advantage of USD softness. The pair has slid down to 1.2580 from 1.2605 in the past hour, despite a good US .
GBP/USD touches a high of 1.4321 on the day The breach of the 1.4300 figure level is giving renewed vigour to buyers as the pair touches new highs for the day. Currently, it is holding up above the 1.4300 figure level which is a good platform to build on.
S&P 500 futures up 20 points The S&P 500 fell 7 points on Friday in part because of worries about a Syria strike on the weekend. The strike came but it was limited and didn’t spark any confrontation with Russia.