- BUBA official reports some banks may decline the stress testing on legal grounds
- UK Construction PMI 58.4 has no impact although slightly lower than expectation
- Eurozone Unemployment/Italian Uemployment/Euro PPI essentially on expectation levels
- A reminder of the saga and follow up that may haunt BP as the ‘baying for blood’ may follow; however if its cash they need, China has the wallet
Following the quiet Asian session we have followed suit with some narrow ranges except for some whippy trading in the CHF pairs.
Cable range 1.5152/1.5214
Eur/Usd 1.2483/1.2534 Eur/Jpy 109.49/110.41
Usd/Jpy 87.54/88.21
Usd/Chf 1.0588/1.0697 Eur/Chf 1.3220/1.3366
Gold trades 1211.75 some $14 from the intraday low
It’s all about the wait for the Non Farm Payrolls……
