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 Editorial Content, Saxo Bank
Summary: Today's edition of the Saxo Morning Call features Saxo Bank Chief Investment Officer Steen Jakobsen, Head of Commodities Strategy Ole Hansen, and technical analyst Kim Cramer Larsson discussing the messy breakdown of the Brexit procedure post what Jakobsen terms a 'dismal' performance by PM May In Salzburg.
Looking at sterling, Larsson notes that we remain in an uptrend so long as GBPUSD stays above 1.3050; as for the political road ahead, uptrends are far more difficult to identify.