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  • 44m
    IL IL
    It looks like a crazy ride for euro without any changes in policy. I think all the possible future rate hikes in euro, which will not come...
  • Squawk / 1 hour ago
    Head of FX Strategy / Saxo Bank
    Denmark
    UK Prime Minister May speech: overall verdict is that we didn't get enough for investors to hang their hats on here. The tone from May was very cooperative and non-threatening, a few steps softer from the previous approach, so this is unlikely to ruffle any EU feathers directly.

    She was perhaps clever in guaranteeing that the UK will pay the EU what it owes during the transition period rather than mentioning a specific figure as this prevents appearing weak or criticism on the home front if that amount is negotiated higher (there was talk of EUR 20 billion on offer in the noise ahead of today, but many see this as unrealistically low). She did mention a two year transition period, but this likely to prove too short.

    All in all - the bottom line is that she is still asking for a very special arrangement from the EU - what will be the price? Market will wait for the EU response and the next round of talks before drawing bigger conclusions.
    Read the Squawk
    58m
    Oldiron25 Oldiron25
    Sieg Hiel Mien Furher the Forth Riech wins again as the Chicken brit Gov kow tows
  • Calendar event / 3 hours ago

    CA CPI

    forecast
    actual
    Med All Items CPI, M/M%
    +0.1%
    Med All Items CPI, Y/Y%
    +1.5%
    +1.4%
    Med CPI-Common, Y/Y%
    +1.5%
    Med CPI-Median, Y/Y%
    +1.7%
    Med CPI-Trim, Y/Y%
    +1.4%
  • Calendar event / 7 hours ago

    EU Eurozone Flash PMI

    forecast
    actual
    High PMI, Mfg
    57.1
    58.2
    Med PMI, Composite
    55.6
    56.7
    Med PMI, Services
    54.8
    55.6