Europe FX Handover 28th March 2019

  • GBP/USD and other pound crosses continued to fall after the UK parliament failed to agree on an alternative Brexit plan last night.
  • Yields continued to remain undermined amid ongoing economic growth fears. After a mixed performance for Asian markets, European stocks traded mostly higher and US index futures fluctuated between the flat line ahead of the open on Wall Street.
  • Very light day in terms of European data. We had Spanish Flash CPI printing 1.3% y/y, up from 1.1% recorded previously but lower than 1.4% expected. German CPI yet to be released.

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