A lot of volatility is seen in Sterling in the past 12 hours. The Pound was sold off on the historical defeat of Prime Minister Theresa May in the Commons. But it found its footing quickly. For now, there is still prospect of extending recent rebound against Dollar and Euro.
Though, at the time of writing, Yen is the strongest one for today. Australian Dollar is the weakest. But all are bounded in yesterday’s range after all.
For the week, Sterling remains the strongest followed by Yen, Euro is the worst performing followed by Swiss Franc.
In Asian markets, major indices are staying in tight range:
- Nikkei is down -0.65%
- Hong Kong HSI is down -0.13%
- China Shanghai SSE is down -0.08%
- Singapore Strait Times is up 0.21%
- Japan 10 year JGB yield is down -0.0079 at 0.007, still positive
Overnight:
- DOW rose 0.65%
- S&P 500 rose 1.07%
- NASDAQ rose 1.71%
Treasury yields continued to show strength at the long end
- 30-year yield up 0.011 at 3.071
- 10-year yield up 0.001 at 2.711
- 5-year yield down -0.002 at 2.527
