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Sterling slides after PM May reignites 'hard Brexit' fears (news: 09/01/17)

Today's Press

  • Oil fell 2 percent on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.

  • Administration officials took a victory march Friday after the US jobs numbers for December were posted. These were the last figures to be released during the Obama administration, and official spokesmen pointed to the extent of improvement in the employment situation compared with when President Barack Obama took office in January 2009.

  • Sterling was on track for its biggest daily losses in three months on Monday, sliding over 1 percent to a 10-week low to the dollar after Prime Minister Theresa May said she was not interested in Britain keeping "bits" of its EU membership.

Next trading day's important events

Forex Quotes:

  • USDJPY: 116.50
  • EURUSD: 1.0535

Indices:

  • S&P 500: 2,276.98
  • NASDAQ : 5,521.06

 


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