ForexLive Asia FX news wrap: Little GBP response to Brexit extension

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Thursday 11 April 2019

Brexit … 

The EU leaders summit agreed to an extension for Brexit, to October 31, 2019. Yep, Halloween indeed. There are a few conditions and early get-out clauses, in the posts here:


Forex news for Asia trading Thursday 11 April 2019
As the headline says, the currency response was limited. Cable has seen little more than a 15 point or so range since the announcement and is currently sitting just under 1.3100.

EUR/USD has done even less, barely changed from around 1.1275.  

Other … 

News and data flow was non-impactful for the session. The talk of an Australian election to be called today (May 18)  was out on Forexlive during the US session and was confirmed here, the PM did indeed call the election for the rumoured date. AUD and NZD have been small movers, both off a few points. China's March inflation data came and went without too much of a ripple, the data coming in as expected.  

USD/CAD has been a star in the lacklustre field today, its up 20+ points. Oil is a touch lower on the session which will be an input into the CD losing a few points.

Gold is down just a touch also.

Still to come:


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