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Rising Geo Political Tensions -Video Analysis

Market Analysis

Rising Geo Political Tensions – A risk-off sentiment supported the yen and Swiss franc as safe haven currencies and assets came into demand amid an escalation in threatening rhetoric between North Korea and the U.S, with Trump promising Pyongyang “fire and fury. Sterling picked up some demand after drifting lower across-the-board yesterday. The demand has lifted Cable back above 1.3000 after logging a three-week low at 1.2952. UK production data, out tomorrow, is likely to be lackluster, while fundamental Brexit uncertainties will remain, something which the BoE highlighted last week as curtailing business investment decisions.

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Stuart Cowell

Senior Market Analyst

HotForex

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