Markets Positive on ECB, Brexit
In today’s #marketinsights video recording I analyse EURUSD, GBPUSD, and USDJPY as FX majors seem supported not only by politics but also by economic data and fresh policy sentiment.
Economic data:
- German Exports delivered a positive balance (0.7% vs -0.1%)
- UK's GDP reported better than expected numbers (0.3% vs 0% m/m)
- US Consumer Borrowing in the US rose unexpectedly (23.3B vs 16.2B)
Politics:
- UK PM fails yet again to call on a snap election
Monetary Policy:
- Markets expect ECB to be less dovish
Stavros Tousios
Head of Investment Research
Orbex
Economic data:
- German Exports delivered a positive balance (0.7% vs -0.1%)
- UK's GDP reported better than expected numbers (0.3% vs 0% m/m)
- US Consumer Borrowing in the US rose unexpectedly (23.3B vs 16.2B)
Politics:
- UK PM fails yet again to call on a snap election
Monetary Policy:
- Markets expect ECB to be less dovish
Stavros Tousios
Head of Investment Research
Orbex
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