Europe FX Handover – 2nd April 2019
Fawad Razaqzada April 2, 2019 9:11 AM
A snapshot view of currency moves throughout ahead of the US open.
- Quiet economic calendar meant tight ranges throughout the first half of European session, with Brexit uncertainty keeping the pound on the back foot. The Aussie and Kiwi remained undermined from developments in Asian session overnight.
- Bitcoin surged higher on a technical breakout above the key $4200 resistance level, inspiring similar moves in other cryptos.
- European stock indices higher, led by the FTSE on the back of a weaker pound. Sentiment has remained supportive for stocks amid speculations over global interest rates remaining low for longer and despite Brexit uncertainty.
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