Daily Alert – Tues 24 Sept: Markets await Supreme Court decision at 1030 Uk time, and Johnson response…

Mark NugentDaily Alert, Sept 2019

Daily Alert – Tues 24 Sept: Markets await Supreme Court decision at 1030 Uk time, and Johnson response…

The EUR falls yesterday after poor PMI data from Germany and France. I have added EUR weakness to the trading themes for this week.

We expect the Supreme Court ruling on the prorogation of parliament. This could move the GBP, and then there is the uncertainty over PM Johnson’s response. Will he re-prorogue? Or is that a tongue-twister too far?

Elsewhere, there is a persistent rumour that at today’s speech RBA Governor Lowe will indicate a return to rate cutting at next week’s RBA rate-setting meeting. The speech is expected around 11am UK-time today.

Keep your eyes peeled.

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