NY Open: Twenty pounds of headlines
Markets started the day in a confusion of incoming news as ECB chatter met with trade talk updates and US macro data. EURUSD took it on the chin and dropped from 1.1270 to 1.1235.
Head of FX Strategy
Summary: The EU and UK Prime Minister May’s team have reached an agreement on Brexit terms, but sterling is stuck near unchanged from yesterday’s levels as the next do-or-die step is today’s UK government cabinet meeting to decide whether the deal can proceed to an EU summit and parliamentary vote.