GBPUSD Macro Review 8/30/19

Pound sinks as Boris Johnson makes gambit to force no-deal. At the moment, UK parliament is closed until 10/14, giving politicians little time to deliberate on a orderly Brexit.

Dollar strengthens, perhaps as a flight to quality, but also on positive headlines on trade negotiations.

Looking at rates, US short term rates seem to have hit a bottom while Gilts sink on political uncertainty.

On the longer end, US recession fears continue pushing down yields.

Both equity markets recover from recent lows, but now looking decidedly range bound.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *