Market News

The Pound remains under significant sell pressure, especially given the latest geopolitical news out of London.

The Pound Sterling was lower as investors brace for another week of uncertainty in UK politics.

In normal conditions, the long term US treasury notes yield is above the short term one, however, lately the former has been behind the later, a rare phenomenon which is usually associated with an increased risk of recession.

Concerns about a global economic slowdown and a recession in the United States sent global stock indexes broadly lower during Monday’s Asian session

This week is likely to see a less active market, with central bank input due only from the RBNZ, as well as more Brexit drama and some important economic data for the U.S. and Canadian Dollars.

The Pound Sterling reversed course on news that the Brexit deadline has been extended by the European Commission.

The Norwegian Krona surged in Thursday trading in London after Norges Bank took a decidedly hawkish turn.

The British opposition leader, Jeremy Corbyn is traveling to Brussels this Thursday in order to discuss an alternative Brexit plan with European Union representatives.

The Federal Reserve’s announcement on Wednesday sent traders swiftly away from the U.S. dollar and offered support to Asian stock markets.

With the failures in Parliament stacking up against her, the Prime Minister is expected to request a brief delay to the looming Brexit deadline.

Asian business confidence hit a three-year low amid a dragging trade feud between the United States and China and a slow-down of the broader global economy.

Asian stock indexes were broadly lower on Wednesday after renewed investor concerns about the state of the trade conflict between the United States and China.

An upbeat UK jobs report helped to keep the Pound Sterling near earlier highs, though uncertainty as it relates to the Brexit has kept many investors on the sidelines.

Irish prime minister Leo Varadkar is meeting with the European council president Donald Tusk just ten days ahead of a possible no-deal Brexit.

OPEC and its oil-producing allies cancelled their planned April meeting on Monday, a move which confirmed that the production cuts that began in January will continue until at least June.