DUP’s Foster: Brexit extensions doesn’t solve issue

DUP leader Arlene Foster crossed the wires in the last hour, saying that Brexit extension doesn’t solve the issue and called for legally binding changes to the backstop. Says that she will meet the UK PM Theresa May later today.

Meanwhile, the buying interest surrounding the British Pound remained unabated, with the GBP/USD pair reclaiming the 1.3200 handle and now eyeing a retest of YTD tops, around the 1.3215-20 region.

Feb 26, 2019

EUR/NOK in 3-day peaks near 9.8000, looks to Brent

The Norwegian Krone keeps depreciating this week and is now lifting EUR/NOK to the vicinity of the 9.8000 handle, fresh 3-day peaks. EUR/NOK looks to

UBS: Price increases should allow Fed to raise rates

Union Bank of Switzerland’s analysis team suggest that the Fed will likely raise interest rates when inflation is over 2%. Key Quotes “Wage growth i