Tense negotiation

Today's news headlines: 

‘UK companies optimistic about outlook for 2022’. Several surveys carried out by Deloitte suggest that businesses in the UK appear to be more willing to look past Omicron in 2022, with optimism among Chief Financial Officers in large companies on the rise. It’s thought that barriers to trade that have emerged since Brexit will be less of a concern as labour shortages continue to constrain businesses. According to some, labour force issues being the main cause for concern is a testament to how well the economy has bounced back. (Financial Times)

‘Nato stands ready for conflict in Europe, says alliance chief’. Russia has continued to flex on the international stage with around 100,000 soldiers set up near the border with Ukraine as the threat of conflict looms. President Vladimir Putin has requested a reduced US and Nato Navy presence in Europe in exchange for a reduction in the number of soldiers set up at the border. Nato is predicted to increase its presence if conflicts materialise. (Financial Times)


Today

Asian markets ticked mostly higher overnight, with US futures also pointing to more gains. The Pound is at its highest since late October, approaching €1.20 against the Euro and $1.36 against the greenback. Treasury yields continue to tick higher, with the US 10-year reaching 1.76%.

Events

Italian Monthly Unemployment Rate: 9:00AM
Eurozone Sentix Investor Confidence: 9:30AM
Eurozone Unemployment Rate: 10:00AM
UK NIESR Gross Domestic Product Estimate: Tentative


Interbank rates:

GBP/USD – 1.3580
GBP/EUR – 1.1994
EUR/USD – 1.1323
USD/CAD – 1.2638

The markets are moving. To speak to our team, please call +44 (0)20 3465 8200.