Europe FX Handover - 16th April 2019
Fawad Razaqzada April 16, 2019 9:30 AM
A summary of news and snapshot of moves ahead of US session
- Another lacklustre day in FX as yield-seeking investors struggle to work out where to invest with all major central banks recently dropping their hawkish biases
- As stocks gained further ground, safe haven gold and Swiss franc fell, while the US dollar rose
- British pound was the weakest major currency despite UK wages data printing +3.5% on a 3m/y basis. This was in line with expectations. Excluding bonuses, earnings were +3.4%, also as expected.
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