ENERGY: Latest Trump Comments Positive On Trade Deals, Russia Ukraine
Apr-25 13:04
“*PRESIDENT TRUMP SPEAKS TO REPORTERS AS HE DEPARTS FOR ROME
*TRUMP: TRADE DEALS ARE GOING WELL
*TRUMP: RUSSIA, UKRAINE COMING ALONG
*TRUMP: WE’RE VERY CLOSE TO A DEAL WITH JAPAN
*TRUMP: WILL END UP WITH LOTS OF GOOD DEALS” -bbg
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GBP: Cable Remains Under Pressure Despite Reversal Higher for Gilt Yields
Mar-26 13:03
- Sterling remains moderately offered as Chancellor Reeves speaks, prompting GBPUSD to slip back below 1.29 and hover just above session lows of 1.2884, and firm support at 1.2869, the 20-day EMA.
- The sharp reversal higher for gilt yields offering little support to the pound so far, and a sustained clearance of this level would signal scope for a deeper retracement towards the 50-day EMA, at 1.2731. The intra-day highs of 1.2949 provides short-term resistance.
UK FISCAL: OBR estimates for impact of planning reforms on GDP
Mar-26 13:01
OBR estimates the planning reforms will permanently increase GDP by 0.2% 2029/30 and 0.4% of GDP in 10-years. Reeves says this is the largest growth boost from a single policy in the OBR's history.
- She says all Labour policies will boost growth by 0.6% of GDP in 10-years.
GILTS: Futures Near Support
Mar-26 12:59
A reminder that the key support level in futures lies at the Mar 6 low and bear trigger (90.71), which is 4 ticks below session lows.
