Sterling Rallies After Merkel Comments

Last Week
GBP:

  • No-Deal Brexit dominating headlines
  • Sterling rallies after Merkel comments
  • German Chancellor believes in Irish border solution

USD

  • Chair Powell confirmed the Fed’s flexibility to act to support expansion
  • China announced its retaliation to the previous round of US tariffs
  • Tariffs to US soybean and crude oil exports

EUR

  • More stimulus from the ECB is expected
  • Italy’s Prime Minister announced his resignation
  • Accused Salvini of endangering economy for personal & political gain

Key Announcements:

  • USD – Consumer confidence & GDP

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