A cliff edge for Sterling. Phil Dobbie asks NAB’s David de Garis how low it could go?
Start your day with the Morning Call for the latest overnight key economic and market information straight from NAB’s team of expert market economists and strategists.
The EU and UK have agreed a draft 500 page Withdrawal Agreement. It’s the first Brexit milestone, but will it stick?
Is Brexit getting anywhere? The pound is assuming not, with big falls. Trump is threatening Chinese trade beyond the use of tariffs.
What will be impact of sanctions on Iran today. Is the US getting closer to a deal with China? What about a Brexit deal?
The Aussie dollar has fallen sharply on weak Chinese data. Oil has also fallen markedly, with NAB’s Ray Attrill says that’s a combination of the China data and hopes of an Iran nuclear deal that would add more oil to global supplies. https://t.co/Q0fzeqBcGU
Equity markets pushed higher in the US on Friday. NAB’s Tapas Strickland says strong corporate earnings have helped, and a belief that the Fed will not be moving much further on rate hikes – even though Fed speakers are keen to suggest otherwise.