Daily Alert – Thurs 22 Aug: A dull end to a dull week

Mark NugentAug 2019, Daily Alert

Daily Alert – Thurs 22 Aug: A dull end to a dull week

Neither the FOMC nor the ECB meeting minutes set off any fireworks. The most interesting thing this week is today’s GBP rise caused by Merkel saying a Brexit deal is possible. This resulted in the GBP currently showing the largest weekly gain on my currency index chart.

All-in-all, it’s been a dull end to a dull week, reflecting, I suspect, the fact we are in the second half of August. We have Jackson Hole (central bankers) today and tomorrow and the G7 (national leaders) over the weekend, so there may be some Trump vulgarity to keep us amused.

Monday is a holiday here in the UK so I’ll be back on Tuesday.

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