U.S. stocks were little changed at the open on Tuesday as oil prices held steady above the $45 mark, a day after the S&P 500 touched a record intraday high.
Several countries including Germany, Portugal and the Czech Republic say the U.K. must accept freedom of movement rules in return for single-market access, writes Bloomberg's Alan Crawford. France may be ready to go even further and link free movement to Britain’s ambition of keeping the so-called passport rights that allow banks to sell services on the continent.
The pound fell 0.4 per cent to $1.2982, breaking below the $1.30 threshold for the first time in 19 trading sessions. The currency has previously found support after the UK’s Brexit vote around the $1.30 mark, having closed under it only four times since the referendum. It left the currency on course for its fifth successive session of declines.
Next Trading Day's Important Events
- 06:05 (GMT 3) RBA governor speaks
- USDJPY: 102.03
- EURUSD: 1.1103
- S&P 500: 2,184.10
- NASDAQ : 5,227.05