US FX Handover – 3 April 2019
Matt Weller, CFA, CMT April 3, 2019 3:46 PM
See a summary of the top FX themes and trends from today's US session!
- Brexit headlines continued apace, with two of PM May’s ministers quitting, May meeting with Labour leader Corbyn, Parliament evenly split on further indicative votes Monday (Speaker Bercow broke the tie with a no vote), and BOE Governor Carney calling the risk of a no-deal Brexit “alarmingly high.”
- GBP/USD nonetheless edged higher for the third straight day.
- The aussie was the strongest major currency on the day, withstanding the reversal in other risk assets as the day developed. The yen was the weakest major currency.
- Both gold and silver showed signs of holding support.
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