May

European shares started the week on a cautious footing, in most cases only barely higher, with caution spilling over from Wall Street over whether the Federal Reserve will cut rates by as much as the market expects or not. These concerns dominated currency trading too, helping the dollar trade higher against the pound, the euro and the yen.

A small window of certainty for sterling

President Trump’s softening stance towards Huawei, his olive branch to China, helped global stock markets turn the corner overnight from a 1.1% drop in the DJIA at Thursday’s close to a rally in DJIA futures this morning.

It’s easy to predict things will have to get a lot worse before they return to any semblance of ‘better’.

The FTSE is trading lower and the pound is 0.4% weaker as the Prime Minister’s future hangs in the balance and European elections start.

Complacency remains the sterling trader's biggest enemy

The FTSE is under pressure after the US opened a new trade war front, this time against the EU over subsidies for aircraft maker Airbus. The CAC where Airbus is listed is still in positive territory despite a decline in the aircraft maker's shares and some of its major suppliers.

A light fillip to risk from China’s stimulus tweak was short-lived

Last night's razor thin breakthrough just changes the flavour of uncertainty

Theresa May will request another Article 50 extension beyond 12th April

Sterling still hasn't collapsed

Sterling has been rewarding range traders for weeks

What light through yonder window breaks? (For sterling, at least)

Sterling traders spy chance of a breakthrough