Forex news for trading on March 29, 2017.
In other markets:
– Spot gold up $0.91 or +0.07%
– WTI Crude oil +$1.09 or +2.25%
– US stocks are mixed: S&P up +0.11. Nasdaq up +0.38%. Dow down -0.20%
Today was the day for the Article 50 trigger and indeed it happened. Actually the letter was signed at the start of the trading day (in the Asian session) and delivered later in the European session. PM May spoke on it as did other officials in the UK and the EU. Needless to say, it was old news, the process is just beginning. There will be jockeying for position, many meetings will take place. There will be ebbs and flows from both sides. What will make it difficult is the EU has to make it less than what they have now – or so you would think that might be a goal. Of course it will be country vs UK negotiating trade terms. So things could get muddy. Overall, it will be a mess but day 1 is over and the world did not blow up. In fact the GBP was mixed.
Forexlive Americas forex news wrap: Article 50 triggered. GBP steady.
