Daily Alert – Wednesday 15th January 2020: Equities stall ahead of US-China Phase 1 signing today; CPI miss weakens GBP

Mark Nugent Daily Alert, Jan 2020

Daily Alert – Wednesday 15th January 2020: Equities stall ahead of US-China Phase 1 signing today; CPI miss weakens GBP

Risk sentiment moved to “indecisive” yesterday as it was announced that there would be no tariff roll-back after today’s signing of the Phase 1 US-China trade deal. Although news to the market I am sure this is not news to the Chinese. Equities stall but do not reverse to any significant extent.

A CPI miss in the UK this morning has weakened the GBP which facilitates the “weak GBP” trading theme in this week’s Trading Plan. My GBPUSD and EURGBP trades are going the right way now.

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