There was little lasting reaction to yesterday morning’s reports of a truce in the long-running trade dispute between China and the US. Elsewhere, the Euro remained flat following the release of data indicating weak Business & Consumer sentiment indices for June. Why? Because in both cases, concrete political decisions and wider policy aspects, respectively, are the real elephants in the room - regardless of which way any data releases or news point.
The G20 meeting which
In the UK, the Tory leadership race is now coming to a close. Now it's just down to two candidates, who will face a vote from the party membership of around 160,000.
The Conservative Party leadership contest has been whittled down to Boris Johnson and Jeremy Hunt. There will be a series of hustings across the country in the coming weeks, with party members set to choose the new leader in the week commencing 22 July. Johnson remains the bookmaker favourite to become the next
It has been a rainy summer week in London absolutely chucking it with rain this morning in London, bringing with it a fitting end to a thoroughly dull week. There was precious little to move, let alone excite currency markets this week. UK GDP fell by 0.4% in April and manufacturing output by 3.9% as car producers brought forward summer shutdowns. UK Employment grew 32,000 in April, while the Unemployment rate held at 3.8%. Regular pay growth picked up to 3.4%year on year -