Dear Reader,
Today's overview of economic news and market action:
- Throughout last week, developments regarding US trade policy were to the fore …
- In terms of the few key data releases last week, the monthly UK GDP printed below the consensus …
- Meanwhile, ECB’s Schnabel struck a hawkish tone in remarks last week …
- Currency-wise, the dollar was in the ascendancy for most of last week …
- Elsewhere, the euro was holding a firmer tone on Friday, amid the hawkish remarks from Schnabel …
- However, the euro has started this week on the defensive, owing to the weekend tariff related headlines …
- EUR/USD opens today back below the $1.17 handle ...
- GBP/USD is down near the midpoint of $1.34-1.35 …
- EUR/GBP is operating up in the top half of 86-87p …
- This week, there are busy data schedules in the US and the UK …
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