ALL EYES on the UK
Oct-17 09:19By: Fabrice Ben Hassine
Oil Bullets+ 1
- Attention is on the UK today and this week with the UK CPI also release on Wednesday.
- Today, Jeremy Hunt will give a statement at 11.00BST, and will speak at the House of Commons at 15.30BST.S
- peculation of more U-Turn in the mini budget has benefited the Pound.
- Still the best performer against the USD in G10, up 0.90%.
- ALL EYES are also on the Yen this morning, and risk of more potential BoJ intervention.
- USDJPY is trading close to 148.86, Friday's high, which was also another multi decade high.
- So far, USDJPY has printed a 148.80 high.
- USD is in the red against all G10s, some unwound from the post US Michigan rallies.
- EURUSD trades within ranges this morning, but at the upper end, with Equities underpinned in early trade, in turn USD offered.
- There's 1.07bn option expiry in EURUSD at 0.9750/0.9765 for today.
- Cross assets and FX will be taking their cue from the UK.
- Looking ahead, besides Jeremy Hunt, there's no real notable data releases for the session.
- Speakers include, ECB de Cos, Lane and Nagel.
