A Stronger Pound and Euro Weigh on Stocks Prices

Bund and Gilt yields are moving higher, stocks are heading south amid a stronger pound and as Eurozone markets struggle with the currency above 1.18 above the dollar. The Spanish 10-year is also heading south on the penultimate day of ECB bond buying before asset purchases are suspended for the holiday period, where quieter markets would exacerbate the impact of ECB buying. Swedish bond markets meanwhile were supported by the Riksbank decision to leave rates unchanged and reiterate the dovish guidance.

Continue reading: https://www.iforex.com/news/stronger-pound-and-euro-weigh-stocks-prices-46951

Recommend to friends
  • gplus
  • pinterest

Leave a comment